 "Sanghvi Movers hits 52-week high on fund buying")
Shares of Sanghvi Movers has surged 7% to Rs 310, also its 52-week high on the Bombay Stock Exchange (BSE), in early morning trade after domestic mutual funds bought nearly three million equity shares or 6% stake in the company through open market purchase.
On Friday, April 10, 2015, HDFC Mutual Fund bought 1.7 million shares, Sundaram Mutual Fund acquired 1.07 million shares and Reliance Mutual Fund purchased 0.75 million shares of Sanghvi Movers at an average price of Rs 261 per share, the BSE bulk deals data showed.
Meanwhile, Olympus India Holdings Limited sold its entire 6.21% or 2.68 million equity shares at price of Rs 261 per share, data shows.
Till 0916 hours, a combined 61,235 shares changed hands on the counter on the BSE and NSE.
On Friday, April 10, 2015, HDFC Mutual Fund bought 1.7 million shares, Sundaram Mutual Fund acquired 1.07 million shares and Reliance Mutual Fund purchased 0.75 million shares of Sanghvi Movers at an average price of Rs 261 per share, the BSE bulk deals data showed.
Meanwhile, Olympus India Holdings Limited sold its entire 6.21% or 2.68 million equity shares at price of Rs 261 per share, data shows.
Till 0916 hours, a combined 61,235 shares changed hands on the counter on the BSE and NSE.