Asian Granito India gains on FII buying

On March 6, GMO Emerging Domestic Opportunities Fund purchased 457,499 shares at Rs 274.99 per share

Asian Granito India (AGIL) gained 4% at Rs 287 on the BSE in early morning trade after the foreign institutional investor (FII) bought more than 1% stake in company for Rs 12.58 crore through open market on Monday. The stock was trading close to its record high of Rs 304, touched on September 28, 2016 in intra-day trade.

On March 6, 2017, GMO Emerging Domestic Opportunities Fund had purchased 457,499 shares of AGIL at price of Rs 274.99 per share on BSE via bulk deal, the exchange data shows.

Jagdishbhai Ramanbhai Patel, the individual shareholders, had sold 583,464