 "Sanghvi Movers hits seven year high on SBI Mutual Fund buying")
Sanghvi Movers has rallied 6% to Rs 276 on National Stock Exchange (NSE) after SBI Mutual Fund acquired nearly one million shares of the company for Rs 24 crore through open market purchase.
On March 3, 2015, SBI Mutual Fund bought 965,313 equity shares representing 2.22% stake of Sanghvi Movers at an average price of Rs 250 per share on NSE, the bulk deal data shows.
Goldpeak Limited, which held 4.4 million or 10.16% stake in the company as of December 2014, sold 1.03 million shares via bulk deal.
The stock opened at Rs 270 and touched a high of Rs 299, its highest level since February 2008 on NSE. A combined 235,703 shares changed hands on the counter till 1135 hours on NSE and BSE.
On March 3, 2015, SBI Mutual Fund bought 965,313 equity shares representing 2.22% stake of Sanghvi Movers at an average price of Rs 250 per share on NSE, the bulk deal data shows.
Goldpeak Limited, which held 4.4 million or 10.16% stake in the company as of December 2014, sold 1.03 million shares via bulk deal.
The stock opened at Rs 270 and touched a high of Rs 299, its highest level since February 2008 on NSE. A combined 235,703 shares changed hands on the counter till 1135 hours on NSE and BSE.
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