 "Max Ventures up 5% for third straight day")
Max Ventures and Industries (MVIL) was locked in upper circuit for the third straight trading sessions, up 5% at Rs 52.05 on the BSE, in an otherwise weak market.
MVIL, one of the three new holding companies formed after the demerger of the erstwhile Max India, was listed on the bourses on Wednesday, June 22, 2016. The stock rallied 16% from its listing price of Rs 45 on the BSE.
The listing will unlock value for the shareholders of erstwhile Max India, Max Financial Services (formerly Max India) said in a release.
MVIL provides management services to and manages the investment in its manufacturing subsidiary, Max Speciality Films (MSF), which is an innovation leader in the Speciality Packaging Films business.
On June 22, 2016, Reliance Mutual Fund Small Cap Fund had bought 1.24 million equity shares at Rs 47.25 per share, the BSE bulk deal data shows.
Reliance Mutual Fund Reliance Growth Fund however sold 0.57 million shares at Rs 47.25 per share on BSE, while HDFC Mutual Fund – HDFC Mid-cap Opportunities Fund offloaded 0.48 million shares at Rs 46.02 per share on NSE, data shows.
MVIL, one of the three new holding companies formed after the demerger of the erstwhile Max India, was listed on the bourses on Wednesday, June 22, 2016. The stock rallied 16% from its listing price of Rs 45 on the BSE.
The listing will unlock value for the shareholders of erstwhile Max India, Max Financial Services (formerly Max India) said in a release.
MVIL provides management services to and manages the investment in its manufacturing subsidiary, Max Speciality Films (MSF), which is an innovation leader in the Speciality Packaging Films business.
On June 22, 2016, Reliance Mutual Fund Small Cap Fund had bought 1.24 million equity shares at Rs 47.25 per share, the BSE bulk deal data shows.
Reliance Mutual Fund Reliance Growth Fund however sold 0.57 million shares at Rs 47.25 per share on BSE, while HDFC Mutual Fund – HDFC Mid-cap Opportunities Fund offloaded 0.48 million shares at Rs 46.02 per share on NSE, data shows.
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