 "Donear Industries surges on heavy volumes")
Donear Industries has surged 17% to Rs 46.30, extending its over 30% rally in the previous four sessions on the BSE, amid heavy volumes.
The stock of textiles company is trading at its 52-week high, rallied 58% in past one-week from Rs 29.25 on August 22, 2016. The S&P BSE Sensex was down nearly 1% during the week.
The promoters held 75% stake in the company as of June 30, 2016, have sold more than 1% of their holding in the company through open market in past one-week.
Vishwanath L Agarwal and Vishwanath L Agarwal HUF have collectively sold 750,000 equity shares representing 1.44% of total equity of Donear Industries through open market on the BSE and NSE, the company said in a regulatory filing.
Vishwanath L Agarwal sold 250,000 shares each of Donear Industries on August 23, and August 25. Post transaction, total holdings of Vishwanath L Agarwal reduced to 3.72% from 4.68%. Vishwanath L Agarwal HUF offloaded 250,000 shares of the company on August 24.
The name of the buyers were not disclosed by the company.
At 11:51 am, the stock was up 14% at Rs 44.90 on the BSE, as compared to 0.02% rise in the benchmark index. The trading volumes on the counter jumped nearly three-fold with a combined 3.49 million shares representing 6.7% of total equity of Donear Industries changed hands on the BSE and NSE.
The stock of textiles company is trading at its 52-week high, rallied 58% in past one-week from Rs 29.25 on August 22, 2016. The S&P BSE Sensex was down nearly 1% during the week.
The promoters held 75% stake in the company as of June 30, 2016, have sold more than 1% of their holding in the company through open market in past one-week.
Vishwanath L Agarwal and Vishwanath L Agarwal HUF have collectively sold 750,000 equity shares representing 1.44% of total equity of Donear Industries through open market on the BSE and NSE, the company said in a regulatory filing.
Vishwanath L Agarwal sold 250,000 shares each of Donear Industries on August 23, and August 25. Post transaction, total holdings of Vishwanath L Agarwal reduced to 3.72% from 4.68%. Vishwanath L Agarwal HUF offloaded 250,000 shares of the company on August 24.
The name of the buyers were not disclosed by the company.
At 11:51 am, the stock was up 14% at Rs 44.90 on the BSE, as compared to 0.02% rise in the benchmark index. The trading volumes on the counter jumped nearly three-fold with a combined 3.49 million shares representing 6.7% of total equity of Donear Industries changed hands on the BSE and NSE.
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%