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UFO Moviez India soars after a huge bulk deal

The stock soared 13% to Rs 625 after nearly 10% of total equity of UFO Moviez India changed hands on the BSE.

UFO Moviez India soars after a huge bulk deal
SI Reporter Mumbai
Last Updated : Jul 22 2016 | 3:14 PM IST
UFO Moviez India  soared 13% to Rs 625, bouncing back 17% from intra-day low on BSE, after nearly 10% of total equity of the company changed hands on the counter in noon deal trade.

At 02:46 PM, around 2.7 million equity shares representing 9.7% stake of UFO Moviez India have changed hands, the BSE data shows.

As of June 30, 2016, 3i Research (Mauritius) held 2.66 million equity shares or 9.66% stake in UFO Moviez India, the shareholding pattern data shows.

At 02:58 PM, the stock was up 7% at Rs 588 on the BSE. It touched a low of Rs 536 in early morning trade. A combined 3.45 million shares changed hands on the counter so far on the BSE and NSE.
 

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First Published: Jul 22 2016 | 3:02 PM IST

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