Page Industries, Lovable Lingerie, Care and Eicher Motors are among the other stocks to see a surge in volumes on BSE today, 13 February 2014.
Greaves Cotton clocked volume of 58.29 lakh shares by 13:39 IST on BSE, a 477.45-times surge over two-week average daily volume of 12,000 shares. The stock rose 0.26% at Rs 57.90.
Page Industries notched up volume of 31,000 shares, a 86.92-fold surge over two-week average daily volume of 361 shares. The stock rose 0.83% at Rs 5,680.
Lovable Lingerie saw volume of 7.04 lakh shares, a 17.39-fold surge over two-week average daily volume of 40,000 shares. The stock surged 9.73% at Rs 355.15.
Credit Analysis & Research (Care) clocked volume of 95,000 shares, a 6.36-fold surge over two-week average daily volume of 15,000 shares. The stock surged 4.25% at Rs 800.
Care before market hours today, 13 February 2014 said that its board of directors at its meeting held on Wednesday, 12 February 2014, has given its consent, subject to the approval of the members of the company, for increasing the limit of investment by Foreign Institutional Investors (FIIs) including their sub-accounts in the shares or convertible debentures of the company by subscription or acquisition up to 74% of the paid up equity share capital or paid up value of each series of convertible debentures of the company as may be applicable.
Separately, Care during trading hours today, 13 February 2014 said that IDBI has informed the company that it, and four other shareholders of the company, all of who hold more than 45% shares in the company, are in the process of identifying a buyer for a potential sale of 1.11 crore shares in the company.
More From This Section
The company is apprised that the shortlisted bidders have been asked to submit their bids by 25 February 2014. However, Care said it understand that the sellers have reserved the right to modify or abort the sale process at any stage and that the sale is subject to execution of a mutually agreed contract and to necessary approvals, Care said.
Eicher Motors saw volume of 18,000 shares, a 3.75-fold rise over two-week average daily volume of 5,000 shares. The stock jumped 8.65% at Rs 4,802.60 after net profit jumped 117.9% to Rs 74.43 crore on 78% growth in net sales to Rs 525.44 crore in Q4 December 2013 over Q4 December 2012. The Q4 result was announced after market hours on Wednesday, 12 February 2014.
Powered by Capital Market - Live News