Shares of Gitanjali Gems have rallied nearly 18% at Rs 64.75 on back of heavy volumes in otherwise weak market on the National Stock Exchange.
A combined 3.16 million shares representing nearly 6% of free float equity of the company have changed hands on the counter till 0950 hours.
According to latest shareholding pattern, the promoters’ holding in the company fell to 39.28% at the end of the September quarter from 55.02% in the June quarter as lenders invoked their pledge shares.
Foreign institutional investors (FIIs) have also reduced their holdings in the jewellery maker to 19.22% to recently concluded quarter. FIIs held 21.65% stake in the June quarter.
However, Bodies corporate stake in the company nearly doubles to 23.68% from 13.78%, data shows.
A combined 3.16 million shares representing nearly 6% of free float equity of the company have changed hands on the counter till 0950 hours.
According to latest shareholding pattern, the promoters’ holding in the company fell to 39.28% at the end of the September quarter from 55.02% in the June quarter as lenders invoked their pledge shares.
Foreign institutional investors (FIIs) have also reduced their holdings in the jewellery maker to 19.22% to recently concluded quarter. FIIs held 21.65% stake in the June quarter.
However, Bodies corporate stake in the company nearly doubles to 23.68% from 13.78%, data shows.
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