 "Westlife Development surges after block deals")
Shares Westlife Development has surged nearly 20% to Rs 263 on the BSE after multiple block deals were executed on the counter.
Around 1.1 million equity shares representing 0.71% of total equity of Westlife Development changed hands through four block deals, according to BSE data. An average sub 1,000 shares were traded daily in past two weeks.
The names of buyers and sellers of the equity shares are not immediately known.
Westlife Development is the owner of Master Franchise of McDonald’s restaurants in West and South India.
On Wednesday, the stock hit a 52-week low of Rs 219 hit in intra-day trade and fallen 37% from 52-week high of Rs 345 touched on March last year.
At 10.42 a.m. the stock was up 13% at Rs 249 on the BSE as compared to 0.01% rise in the S&P BSE Sensex.
Around 1.1 million equity shares representing 0.71% of total equity of Westlife Development changed hands through four block deals, according to BSE data. An average sub 1,000 shares were traded daily in past two weeks.
The names of buyers and sellers of the equity shares are not immediately known.
Westlife Development is the owner of Master Franchise of McDonald’s restaurants in West and South India.
On Wednesday, the stock hit a 52-week low of Rs 219 hit in intra-day trade and fallen 37% from 52-week high of Rs 345 touched on March last year.
At 10.42 a.m. the stock was up 13% at Rs 249 on the BSE as compared to 0.01% rise in the S&P BSE Sensex.