Steel Exchange India up 5% on FPI buying, stock price doubles in one month

On Tuesday, January 11, 2022, Societe Generale acquired 500,000 equity shares representing 0.57 per cent stake in SEIL at Rs 226.02 per share via bulk deal on the NSE.

Shares of Steel Exchange India (SEIL) were locked at the 5 per cent upper circuit at Rs 238, also its new high on the National Stock Exchange (NSE) on Wednesday after the foreign portfolio investor bought 5 million equity shares of the company via open market.

On Tuesday, January 11, 2022, Societe Generale acquired 500,000 equity shares representing 0.57 per cent stake in SEIL for Rs 11.30 crore. The FPI purchased shares at price of Rs 226.02 per share via bulk deal on the NSE, exchange data showed. The name of the sellers were not ascertained immediately.

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