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Som Distilleries zooms over 30% in two days on Porinju Veliyath stake buy

The stock hit 52-week high of Rs 263, up 12% on NSE, extending its Wednesday's 20% rally, after Porinju Veliyath along with Equity Intelligence India bought 2.4% stake in the company

SI Reporter  |  Mumbai 

HC directs 60% water cut for distilleries in Marathwada

hit 52-week high of Rs 263, up 12% on the National Stock Exchange (NSE) in early morning trade, extending its Wednesday’s 20% rally, after along with bought more than 2% stake in the company through open market.

On Wednesday, January 10, 2018, and had collectively bought 650,000 shares representing 2.4% stake in through block deals on NSE, the exchange data shows.

Porinju Veliyath, Managing Director & Portfolio manager of Equity Intelligence India, had purchased 150,000 shares at a price of Rs 197.95 per share, while bought 500,000 shares at price of Rs 197 per share. CLICK HERE FOR BULK DEALS DATA

At 09:29 AM; the stock was trading 8% higher at Rs 255 on NSE against 0.10% decline in the Nifty50 index. A combined 1.92 million shares changed hands on the counter on NSE and BSE so far.

First Published: Thu, January 11 2018. 09:33 IST