Bajaj Auto up 1%; FIIs stake reaches 24%
The stock finally ended at Rs 1,008, up 1%. Around 19,081 stocks were traded on the BSE today.
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(Updated at 1053 hrs)
Bajaj Auto has soared 2% to Rs 1,018.
RBI has barred foreign investors from purchasing further shares of the company as their stake has reached its 24% threshold limit.
The stock today opened at Rs 995, then slipped to a low of Rs 967. It touched a high of Rs 1,030. The stock is currently trading at Rs 1,018, up 5% from the day's low
Around 3,659 shares have been traded on the BSE so far as compared to the two-week daily average traded volumes of 31,332 shares.