 "Gujarat Pipavav Port extends gain after block deal")
Gujarat Pipavav Port has rallied 5% to Rs 168, extending its previous day’s gain on the National Stock Exchange (NSE), in an otherwise subdued market after a huge block deal was executed on the counter on Tuesday.
In the past two-trading sessions, the stock surged 9% from Rs 154 on June 20, 2016, as compared to 0.43% fall in the Nifty 50 index.
On June 21, 2016, Capital Research and Management Co A/c New World Fund Inc had sold 2.56 million equity shares worth of about Rs 40 crore through open market. The foreign investors had sold these shares at an average price of Rs 155.08 per share, the NSE bulk deal data shows.
The name of the buyers not immediately ascertained.
At 01:13 PM, the stock was up 4% at Rs 166 on the BSE, as compared to 0.13% decline in the benchmark index. A combined 884,848 shares changed hands on the counter on the BSE and NSE so far.
In the past two-trading sessions, the stock surged 9% from Rs 154 on June 20, 2016, as compared to 0.43% fall in the Nifty 50 index.
On June 21, 2016, Capital Research and Management Co A/c New World Fund Inc had sold 2.56 million equity shares worth of about Rs 40 crore through open market. The foreign investors had sold these shares at an average price of Rs 155.08 per share, the NSE bulk deal data shows.
The name of the buyers not immediately ascertained.
At 01:13 PM, the stock was up 4% at Rs 166 on the BSE, as compared to 0.13% decline in the benchmark index. A combined 884,848 shares changed hands on the counter on the BSE and NSE so far.
