Shoppers Stop has rallied 10% to Rs 353 after the IDFC Mutual Fund acquired around one million shares of a leading retail stores for Rs 32 crore through open market.
The stock opened at Rs 321 and touched high of Rs 365 on the NSE. The counter has seen heavy volumes with a combined 910,000 shares have already changed hands till 0930 hours as against an average sub 300,000 shares that were traded daily in past two weeks on the NSE and BSE.
On November 28, 2013 IDFC Mutual Fund A/C IDFC Premier Equity Fund bought 9,99,756 shares of Shoppers Stop at Rs 321.25 via bulk deal on the NSE.
However, Eastspring Investments India Equity Open Limited sold 7,58,831 shares of Shoppers Stop at Rs 321.25.
The stock opened at Rs 321 and touched high of Rs 365 on the NSE. The counter has seen heavy volumes with a combined 910,000 shares have already changed hands till 0930 hours as against an average sub 300,000 shares that were traded daily in past two weeks on the NSE and BSE.
On November 28, 2013 IDFC Mutual Fund A/C IDFC Premier Equity Fund bought 9,99,756 shares of Shoppers Stop at Rs 321.25 via bulk deal on the NSE.
However, Eastspring Investments India Equity Open Limited sold 7,58,831 shares of Shoppers Stop at Rs 321.25.