 "Adlabs Entertainment extends rally; surges over 50% in three trading days")
Adlabs Entertainment has surged 17% to Rs 117, extending its previous two trading days rally on the National Stock Exchange (NSE) on back of heavy volumes. The stock of the company which operates the Imagica theme park is trading at its highest level since January 21, 2016.
Since September 22, 2016, the stock zoomed 52% from Rs 77 after Insync Capital Partners LLP bought stake in Adlabs Entertainment through open market. The S&P BSE Sensex was down 0.06% during the same period.
On Thursday, Insync Capital Partners LLP bought 400,000 shares of Adlabs Entertainment at an average price of Rs 81.84 per share in a bulk deal on NSE.
Insync Capital Partners LLP also sold 50,000 shares of the company at an average price of Rs 81.06 per share in a bulk deal on NSE yesterday, data shows.
At 11:55 am, the stock was up 15% at Rs 115, against 0.64% decline in the benchmark index. A combined 11.43 million shares representing 14.3% of total equity of Adlabs Entertainment changed hands on the BSE and NSE so far.
Since September 22, 2016, the stock zoomed 52% from Rs 77 after Insync Capital Partners LLP bought stake in Adlabs Entertainment through open market. The S&P BSE Sensex was down 0.06% during the same period.
On Thursday, Insync Capital Partners LLP bought 400,000 shares of Adlabs Entertainment at an average price of Rs 81.84 per share in a bulk deal on NSE.
Insync Capital Partners LLP also sold 50,000 shares of the company at an average price of Rs 81.06 per share in a bulk deal on NSE yesterday, data shows.
At 11:55 am, the stock was up 15% at Rs 115, against 0.64% decline in the benchmark index. A combined 11.43 million shares representing 14.3% of total equity of Adlabs Entertainment changed hands on the BSE and NSE so far.
