Jindal Stainless surges 16% in two days after Quant MF buys 2.6 mn shares

Shares of Jindal Stainless rallied 6 per cent to Rs 208.70 on the National Stock Exchange (NSE) on Wednesday’s intra-day, thus surging 16 per cent in past two trading days after Quant Mutual Fund (MF) bought 2.6 million shares via open market on Tuesday.

On December 6, Quant Mutual Fund -Small Cap Fund purchased 2.63 million shares representing 0.52 per cent of the total equity of Jindal Stainless at Rs 182.97 apiece on the NSE, the exchange data shows. The names of the sellers were not disclosed.

Meanwhile, shares of Jindal Stainless (Hisar), the group company, too rallied