Foods & Inns hits 20% upper circuit for second straight day on HNI buying

On Friday, April 12, 2019, Mahendra Kumar had bought 1,21,000 shares of Foods & Inns at Rs 222.87 per share on the BSE.

Shares of Foods & Inns were locked in the upper circuit for the second straight day, up 20 per cent at Rs 268 on the BSE on high net worth individuals (HNI) buying.

The trading volumes on the counter nearly doubled with 2,79,000 shares changing hands till 11:24 am on the BSE. On an average, 1,68,000 shares were traded daily in the past two weeks. There were pending buy orders for 37,831 shares, the exchange data shows.

In the past three days, the stock of Foods & Inns has zoomed 48 per cent, as compared to one per cent