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Shares of Ador Welding have soared 17% to Rs 245 on the BSE in intra-day trades after Sundaram Mutual Fund bought an additional stake in the company though the open market.
On May 28, Sundaram Mutual Fund had purchased 170,000 equity shares, representing 1.25% stake of Ador Welding at an average price of Rs 209.50 per share, the BSE bulk deal data shows.
A combined 44,511 shares changed hands on the counter on the BSE and NSE so far.
At 1200 hours, the stock was up 12% at Rs 234 on the BSE.
