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Cera Sanitaryware has rallied 11% to Rs 858, also its record high on the NSE, after the company's promoters increased their stake via the creeping acquisition route.
The stock opened at Rs 782 and hit a low of Rs 775 so far. A combined 24,519 shares have already changed hands on the counter till 1115 hours, as against an average of less than 10,000 shares that were traded daily in past two weeks on the BSE and NSE.
According to a company release dated March 04, Ganga Somany, one of the promoters of the company, has purchased 3,000 equity shares at Rs 764.59 per share from open market. Post acquisition, Ganga Somany’s holding in the company has increased to 0.12% from 0.10%.
As per the recent shareholding data, the total promoters holding in the company has increased to 55.82% in the quarter ended December 2013 from 55.40% in the same quarter year ago; while the FIIs have hiked their stake to 13.16% from 5.68% in past one year.
Since December 2012, the stock has more than doubled, while in past six months it has appreciated by 71% from Rs 502 on September 6, 2013.
The stock opened at Rs 782 and hit a low of Rs 775 so far. A combined 24,519 shares have already changed hands on the counter till 1115 hours, as against an average of less than 10,000 shares that were traded daily in past two weeks on the BSE and NSE.
According to a company release dated March 04, Ganga Somany, one of the promoters of the company, has purchased 3,000 equity shares at Rs 764.59 per share from open market. Post acquisition, Ganga Somany’s holding in the company has increased to 0.12% from 0.10%.
As per the recent shareholding data, the total promoters holding in the company has increased to 55.82% in the quarter ended December 2013 from 55.40% in the same quarter year ago; while the FIIs have hiked their stake to 13.16% from 5.68% in past one year.
Since December 2012, the stock has more than doubled, while in past six months it has appreciated by 71% from Rs 502 on September 6, 2013.
