 "Carborundum Universal gains on buying interest from HNIs")
Carborundum Universal has surged 10% to Rs 254 on the BSE in early morning trade after high net worth individuals (HNIs) including Nemish Shah bought equity shares of the company through the open market.
On Wednesday, July 13, 2016, Nemish Shantilal Shah HUF had purchased 1.5 million shares of Carborundum Universal at an average price of Rs 230.25 per share, the BSE bulk deal data shows.
Aadi Financial Advisors LLP and Amrit Petroleums Private Limited had bought 2.2 million and 2 million shares at price of Rs 230.25 per share, respectively.
However, Nalanda India Equity Fund had sold 18.97 million shares worth of Rs 437 crore at an average price of Rs 230.14 per share, the data shows.
The name of the other buyers not immediately ascertained.
At 09:30 AM, the stock was up 9% at Rs 252 on the BSE, while it was up 4% at Rs 251 on the NSE. A combined 1.7 million shares changed hands on the counter so far on both the exchanges.
On Wednesday, July 13, 2016, Nemish Shantilal Shah HUF had purchased 1.5 million shares of Carborundum Universal at an average price of Rs 230.25 per share, the BSE bulk deal data shows.
Aadi Financial Advisors LLP and Amrit Petroleums Private Limited had bought 2.2 million and 2 million shares at price of Rs 230.25 per share, respectively.
However, Nalanda India Equity Fund had sold 18.97 million shares worth of Rs 437 crore at an average price of Rs 230.14 per share, the data shows.
The name of the other buyers not immediately ascertained.
At 09:30 AM, the stock was up 9% at Rs 252 on the BSE, while it was up 4% at Rs 251 on the NSE. A combined 1.7 million shares changed hands on the counter so far on both the exchanges.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%