The uptick in Stove Kraft share price came after the company announced that it has commissioned the newly constructed Cast Iron Foundry at Harohalli factory
According to the bulk deal data on BSE, he purchased 7.75 lakh shares at an average price of Rs 645 apiece
The stock of Solara Active hit a fresh 52-week low of Rs 620.20, down nearly 20 per cent in Friday's intra-day trade, falling 36 per cent in the past two days on the BSE.
In Q3FY22, Ebitda margin contracted 770 bps at 7.2 per cent as it witnessed cost pressures from raw material price increase during the quarter.
Shares of Stove Kraft had staged a strong debut on the bourses on February 5 as the stock got listed at Rs 498, a 29 per cent premium over its issue price of Rs 385 on the NSE
The initial public offering of Stove Kraft had received good response from investors with the issue garnering 18 times subscription
IRFC has sold $750 million worth of dollar-denominated bonds to overseas investors priced at a coupon of just 2.80 per cent per annum
In the grey market, shares of Stove Kraft were commanding a premium of Rs 30-40 per share