Shares of Mandhana Retail Ventures, which is associated with Bollywood superstar Salman Khan, today jumped nearly 5 per cent after ace investor Rakesh Jhunjhunwala purchased stake in the company.
On BSE, the stock opened at its upper circuit limit and got stuck at Rs 238.10, up 4.98 per cent from its previous close.
The scrip went up by 5 per cent on NSE to hit its upper price limit of Rs 235.25.
The stock of Mandhana Industries, the parent firm of Mandhana Retail Ventures, too witnessed a bullish momentum. It surged as much as 20 per cent to its maximum intra-day limit of Rs 41.55 on BSE and NSE.
Mandhana Ventures manufactures, retails and distributes Khan's Being Human brand.
In a filing to the BSE on Wednesday, Mandhana Retail Ventures said Jhunjhunwala has purchased 28,13,274 shares, amounting to 12.74 per cent stake, of the company.
The shares of Mandhana Retail touched 52-week high on both the bourses.
The company's market capitalisation stands at Rs 525.79 crore on BSE and the bourse saw a total of 2.62 lakh shares of the company changing hands.
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