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Shares of Vakrangee have surged 15% to Rs 136 on the National Stock Exchange (NSE) after the foreign institutional investors (FIIs) hiked their stake in the company by two percentage points in April-June 2015 quarter.
The total FIIs holding in the company increased to 5.32% in the June quarter against 3.33% at the end of March 2015 quarter, according to latest shareholding pattern data filed by Vakrangee.
FIIs bought an additional 10.08 million equity shares during the recently concluded quarter, data shows.
Janus Overseas Fund had bought 1.52% stake in Vakrangee during April-June quarter. The fund by Janus Capital Group had nil holding at the end of March quarter.
Meanwhile, in past one month, the stock has rallied 31% from Rs 103 on June 3, compared to a 4% rise in the CNX Nifty.
The counter has seen huge trading volumes with a combined 4.37 million shares changing hands so far as against an average sub two million shares traded daily in the past two weeks on the NSE and BSE.
At 1025 hours, the stock was up 12% to Rs 133 on the NSE.
The total FIIs holding in the company increased to 5.32% in the June quarter against 3.33% at the end of March 2015 quarter, according to latest shareholding pattern data filed by Vakrangee.
FIIs bought an additional 10.08 million equity shares during the recently concluded quarter, data shows.
Janus Overseas Fund had bought 1.52% stake in Vakrangee during April-June quarter. The fund by Janus Capital Group had nil holding at the end of March quarter.
Meanwhile, in past one month, the stock has rallied 31% from Rs 103 on June 3, compared to a 4% rise in the CNX Nifty.
The counter has seen huge trading volumes with a combined 4.37 million shares changing hands so far as against an average sub two million shares traded daily in the past two weeks on the NSE and BSE.
At 1025 hours, the stock was up 12% to Rs 133 on the NSE.
