Hathway Cable & Datacom rose 3.07% to Rs 311.75 at 10:28 IST on BSE after foreign investment bank Macquarie Bank bought 40.73 lakh shares of the company at Rs 304.72 per share in bulk deals on NSE on Wednesday, 8 October 2014.
Meanwhile, the S&P BSE Sensex was up 287.41 points or 1.1% at 26,534.20.
On BSE, so far 20,000 shares were traded in the counter as against average daily volume of 24,000 shares in the past two weeks.
The stock hit a high of Rs 316.95 and a low of Rs 301 so far during the day. The stock had hit a record high of Rs 368 on 9 June 2014. The stock had hit a 52-week low of Rs 221 on 16 April 2014.
Macquarie Bank bought 40.73 lakh shares of Hathway Cable & Datacom at Rs 304.72 per share in bulk deals on NSE on Wednesday, 8 October 2014. Route One Fund I LP sold 21.28 lakh shares of the company at Rs 304.80 per share and Route One Offshore Master Fund LP sold 18.32 lakh shares at Rs 304.80 per share in bulk deals on NSE on Wednesday, 8 October 2014.
Hathway Cable & Datacom reported a net loss of Rs 0.92 crore in Q1 June 2014 as against net profit of Rs 5.32 crore in Q1 June 2013. Net sales rose 7.7% to Rs 249.58 crore in Q1 June 2014 over Q1 June 2013.
Hathway Cable & Datacom is one of the largest multi system operator (MSO) and cable broadband service providers in India. The company's cable operations straddle across key Indian geographies and offers cable television services across 140 cities and towns and high-speed cable broadband services across 21 cities.
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