 "Lux Industries hits record high on stake buy by Reliance Mutual Fund")
Lux Industries rallied to its record high of Rs 1,004, up 11% on BSE in intra-day trade, after Reliance Mutual Fund bought nearly two percentage point stake in hosiery Company via open market.
On Tuesday, June 13, 2017, Reliance Mutual Fund had acquired 444,103 equity shares representing 1.76% stake in Lux Industries at price of Rs 900 per share, the BSE bulk deal data shows.
Valued Securities Private Limited had sold its entire 2.23% or 562,002 shares at an average price of Rs 901.64 per share. CLICK HERE FOR BULK DEAL INFORMATION
The names of the other buyers were not ascertained immediately.
At 11:24 am; the stock was up 9% at Rs 985 on BSE, as compared to 0.08% decline in the S&P BSE Sensex. A combined 430,395 shares changed hands on the counter on BSE and NSE so far.
In past seven trading sessions, it rallied 28% from Rs 787 on June 1, against 0.17% decline in the benchmark index.
On Tuesday, June 13, 2017, Reliance Mutual Fund had acquired 444,103 equity shares representing 1.76% stake in Lux Industries at price of Rs 900 per share, the BSE bulk deal data shows.
Valued Securities Private Limited had sold its entire 2.23% or 562,002 shares at an average price of Rs 901.64 per share. CLICK HERE FOR BULK DEAL INFORMATION
The names of the other buyers were not ascertained immediately.
At 11:24 am; the stock was up 9% at Rs 985 on BSE, as compared to 0.08% decline in the S&P BSE Sensex. A combined 430,395 shares changed hands on the counter on BSE and NSE so far.
In past seven trading sessions, it rallied 28% from Rs 787 on June 1, against 0.17% decline in the benchmark index.
One subscription. Two world-class reads.
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%