Adlabs Entertainment surges 20% on heavy volumes

A combined 6.54 million shares or 8% of total equity of Adlabs and there were pending buy orders for 1.07 million shares on both the exchanges at 11:51 am.

A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai
A broker laughs while speaking to a colleague, as they trade on their computer terminals at a stock brokerage firm in Mumbai
SI Reporter Mumbai
Last Updated : Sep 23 2016 | 12:00 PM IST
Adlabs Entertainment has surged 20% to Rs 100 on the National Stock Exchange (NSE) in intra-day trade on the back of more than 20-fold jump in trading volumes.

Till 11:51 am, a combined 6.54 million shares representing 8% of total equity of Adlabs Entertainment changed hands on the BSE and NSE. There were pending buy orders for 1.07 million shares on both the exchanges.

On Thursday, September 22, 2016, Insync Capital Partners LLP bought 400,000 shares of Adlabs Entertainment at an average price of Rs 81.84 per share in a bulk deal on NSE.

Insync Capital Partners LLP also sold 50,000 shares of the company at an average price of Rs 81.06 per share in a bulk deal on NSE yesterday, data shows. LINK

Adlabs Entertainment operates the Imagica theme park located at Khalapur, off the Mumbai-Pune express highway.

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First Published: Sep 23 2016 | 11:53 AM IST

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