Tribhovandas Bhimji Zaveri (TBZ) has surged 13% to Rs 208 in noon deals on BSE, after jewellery maker said the foreign institutional investors (FIIs) have acquired an additional stake in the company through open market purchases.
“SMALLCAP World Fund Inc has purchased 29,584 shares of the company on July 5, via open market on BSE and NSE,” TBZ said in a statement.
Post acquisition, SMALLCAP World Fund Inc holding in the company increased to 5.008% from 4.964% earlier, it added.
Meanwhile, the overseas investors have acquired 226,627 shares of the company during recently concluded quarter. FIIs combined holdings in TBZ increased to 14.17% in June quarter from 13.84% at the end of March quarter.
The stock opened at Rs 186 and touched high of Rs 212 so far. A combined 489,558 shares have changed hands on the counter till 1140 hours against an average around 100,000 shares that were traded daily in past two weeks on BSE and NSE.
“SMALLCAP World Fund Inc has purchased 29,584 shares of the company on July 5, via open market on BSE and NSE,” TBZ said in a statement.
Post acquisition, SMALLCAP World Fund Inc holding in the company increased to 5.008% from 4.964% earlier, it added.
Meanwhile, the overseas investors have acquired 226,627 shares of the company during recently concluded quarter. FIIs combined holdings in TBZ increased to 14.17% in June quarter from 13.84% at the end of March quarter.
The stock opened at Rs 186 and touched high of Rs 212 so far. A combined 489,558 shares have changed hands on the counter till 1140 hours against an average around 100,000 shares that were traded daily in past two weeks on BSE and NSE.
