Home / Markets / News / Laxmi Organic surges 13% as FPIs buy stake via open market

Laxmi Organic surges 13% as FPIs buy stake via open market

On Thursday, March 26, Goldman Sachs India Fund Limited (1.67 million) and Plutus Wealth Management LLP (1.5 million) purchased a combined 3.17 million equity shares of Laxmi Organic Industries.

market, markets, stock market, stock, stocks rise, stock rally

Premium

With today’s gain, the stock of the speciality chemicals company has rallied 43 per cent over its issue price of Rs 130 per share

SI Reporter Mumbai

2 min read Last Updated : Mar 26 2021 | 10:02 AM IST

Shares of Laxmi Organic Industries surged 13 per cent to Rs 185.40 on the National Stock Exchange (NSE) in intra-day trade on Friday after foreign portfolio investors (FPIs) bought over three million equity shares worth about Rs 50 crore of the company via the open market.

On Thursday, March 26, Goldman Sachs India Fund Limited (1.67 million) and Plutus Wealth Management LLP (1.5 million) purchased a combined 3.17 million equity shares of Laxmi Organic Industries for Rs 49 crore. The FPIs purchased these shares at an average price of Rs 155.60 per share on the NSE, the bulk deal data shows.

Topics : Laxmi Organic Industries Buzzing stocks Markets FPIs listing Specialty chemicals

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in