 "Nandan Denim zooms 20% on heavy volumes")
Nandan Denim (formerly known as Nandan Exim) is locked in upper circuit of 20% at Rs 83.85 on BSE after it was announced that Devkinandan Corporation LLP, one of the promoters, further increased its stake in the company via open market.
Till 1316 hours, a combined 958,778 shares changed hands and there are pending buy orders for 94,218 shares on BSE and NSE.
The stock is currently trading at its highest level since January 2008 on BSE. It hit a record high of Rs 99 January 7, 2008.
Till 1316 hours, a combined 958,778 shares changed hands and there are pending buy orders for 94,218 shares on BSE and NSE.
The stock is currently trading at its highest level since January 2008 on BSE. It hit a record high of Rs 99 January 7, 2008.
On December 31, 2014, Devkinandan Corporation LLP had purchased 48,494 shares of the company at an average price of Rs 72.83 per share via open market through BSE, Nandan Denim said in a filing.
In October-December quarter, Devkinandan Corporation LLP acquired 729,980 equity shares or 1.6% stake in Nandan Denim, data shows.
Post acquisition, Devkinandan Corporation LLP holding in the company increased to 5.94% from 4.34% at the end of September 2014 quarter.
Meanwhile, Chiripal Industries, the promoter group company, had released 1.5 million equity shares representing 3.29% of the total equity that were pledge with State Bank of Bikaner and Jaipur.
In October-December quarter, Devkinandan Corporation LLP acquired 729,980 equity shares or 1.6% stake in Nandan Denim, data shows.
Post acquisition, Devkinandan Corporation LLP holding in the company increased to 5.94% from 4.34% at the end of September 2014 quarter.
Meanwhile, Chiripal Industries, the promoter group company, had released 1.5 million equity shares representing 3.29% of the total equity that were pledge with State Bank of Bikaner and Jaipur.