Tide Water Oil hits record high on promoter stake buy

The stock was up 5% at Rs 6,809, extending its previous day's 16% rally, after Standard Greases and Specialities Private, joint promoter, purchased a total 57,837 shares from open market.

Tide Water Oil (India) hit a record high of Rs 6,809, up 5% on the National Stock Exchange (NSE) in intra-day trade, extending its previous day’s 16% rally after Standard Greases and Specialities Private Limited, a joint promoter acquired stake in the company through open market.

On Monday, September 18, 2017, Standard Greases and Specialities Private Limited had purchased a total 57,837 shares of Tide Water Oil (India) through bulk deals.

On BSE, it purchased 34,673 shares at Rs 5,748.56 per share, while on NSE, it bought 23,164 shares at Rs 6,067.27 per share, the bulk deal data