T D Power Systems has surged 18% to Rs 396 after HDFC Mutual Fund acquired additional stake in the company through open market transaction.
The stock opened at Rs 339 and touched a record high of Rs 402 on NSE. A combined 265,000 shares changed hands on the counter so far on NSE and BSE.
On October 9, HDFC Trustee Company A/c HDFC Prudence Fund bought 250,000 equity shares of T D Power Systems at Rs 325 per share on NSE. The fund house bought 200,000 shares of heavy electrical equipment maker at Rs 319 per share on October 8 on BSE.
“On October 7, HDFC Trustee Company through various schemes bought 1.99 million shares representing 6% of total equity of the company via BSE and NSE,” T D Power Systems said in a statement. HDFC Mutual Fund held nil holding in the company before acquisition of the shares through open market.
Meanwhile, Catamaran Capital had sold 406,916 shares of T D Power Systems via an open market share sale on Wednesday.
The stock opened at Rs 339 and touched a record high of Rs 402 on NSE. A combined 265,000 shares changed hands on the counter so far on NSE and BSE.
On October 9, HDFC Trustee Company A/c HDFC Prudence Fund bought 250,000 equity shares of T D Power Systems at Rs 325 per share on NSE. The fund house bought 200,000 shares of heavy electrical equipment maker at Rs 319 per share on October 8 on BSE.
“On October 7, HDFC Trustee Company through various schemes bought 1.99 million shares representing 6% of total equity of the company via BSE and NSE,” T D Power Systems said in a statement. HDFC Mutual Fund held nil holding in the company before acquisition of the shares through open market.
Meanwhile, Catamaran Capital had sold 406,916 shares of T D Power Systems via an open market share sale on Wednesday.
Hitoshi Matsuo, director of T D Power Systems and Saphire Finman Services Pvt Ltd sold one million shares each at Rs 315.05 on Tuesday, the bulk deal data shows.