HDFC AMC surges 12% after nearly 6% equity change hands on BSE

At 09:55 am, around 11.96 million equity shares representing 5.61 per cent of total equity of HDFC AMC changed hands on the BSE, the exchange data shows.

Shares of HDFC Asset Management Company (AMC) surged 12 per cent to Rs 2,185.30 on the BSE in Tuesday’s intra-day trade after nearly 6 per cent of total equity of the company changed hands via block deals.

At 09:55 am, around 11.96 million equity shares representing 5.61 per cent of total equity of HDFC AMC had changed hands on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately. At 11:00 am; the stock traded 11.5 per cent higher at Rs 2,181.40, against 0.74 per cent rise in the S&P BSE Sensex.