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Lux Industries hits record high on stake buy by Reliance Mutual Fund

Reliance MF acquired 1.76% stake in Lux Industries at price of Rs 900 per share on BSE

SI Reporter  |  Mumbai 

Lux Innerwear
Lux Innerwear

rallied to its record high of Rs 1,004, up 11% on BSE in intra-day trade, after bought nearly two percentage point stake in hosiery Company via open market.

On Tuesday, June 13, 2017, had acquired 444,103 equity shares representing 1.76% stake in at price of Rs 900 per share, the BSE bulk deal data shows.

Valued Securities Private Limited had sold its entire 2.23% or 562,002 shares at an average price of Rs 901.64 per share. CLICK HERE FOR BULK DEAL INFORMATION

The names of the other buyers were not ascertained immediately.

At 11:24 am; the stock was up 9% at Rs 985 on BSE, as compared to 0.08% decline in the S&P BSE Sensex. A combined 430,395 shares changed hands on the counter on BSE and NSE so far.

In past seven trading sessions, it rallied 28% from Rs 787 on June 1, against 0.17% decline in the benchmark index.

First Published: Wed, June 14 2017. 11:29 IST