Lovable Lingerie surges on promoter stake buy
Taruna Reddy has acquired 44,826 shares or 0.27% stake in the company via open market purchase on March 6, 2013.
Lovable Lingerie has surged 6% to Rs 268 on BSE in noon deal trades after the company said one of its promoter bought additional stake in the company through open market purchase.
“Taruna Vinay Reddy has acquired 44,826 shares or 0.27% stake in the company via open market purchase on March 6, 2013,” Lovable Lingerie, the company engaged in manufacturing women’s innerwear business, said in a statement.
Total holding in the company now increased to 67.23% from 66.96% at the end of December 2012 quarter.
The stock had underperformed the market by falling 34% so far in current calendar year till March 6, compared to less than 1% drop in benchmark Sensex.
Today, the stock opened at Rs 252 and touched high of Rs 274 on BSE. As many as a combined 378,997 shares have already changed hands on the counter till noon deals against an average less than 250,000 shares that were traded daily in past two weeks on BSE and NSE.
“Taruna Vinay Reddy has acquired 44,826 shares or 0.27% stake in the company via open market purchase on March 6, 2013,” Lovable Lingerie, the company engaged in manufacturing women’s innerwear business, said in a statement.
Total holding in the company now increased to 67.23% from 66.96% at the end of December 2012 quarter.
The stock had underperformed the market by falling 34% so far in current calendar year till March 6, compared to less than 1% drop in benchmark Sensex.
Today, the stock opened at Rs 252 and touched high of Rs 274 on BSE. As many as a combined 378,997 shares have already changed hands on the counter till noon deals against an average less than 250,000 shares that were traded daily in past two weeks on BSE and NSE.