Tata Coffee has surged 8% to Rs 1,112 after slumping over 25% in the previous two trading sessions on the Bombay Stock Exchange (BSE).
The stock opened at Rs 1,058 and hit a high of Rs 1,115 so far. A combined 531,428 shares have changed hands till 1000 hours against an average sub 600,000 shares that were traded daily in past two weeks.
Shares of Tata Group tea and coffee maker has tanked 25.2% to Rs 1,029 from Rs 1,375 in previous two trading sessions.
On Thursday, Kotak Mahindra Prime and Sharad Kantilal Shah, a shareholders of Tata Coffee, collectively sold 914,648 equity shares of the company for nearly Rs 81 crore through open market deals.
Kotak Mahindra Prime sold 300,000 shares on the BSE and another 505,679 shares on the NSE, while Sharad Kantilal Shah, offloaded 108,969 shares of the firm on the BSE, as per the bulk data available with the stock exchanges.
Meanwhile, Reliance Mutual Fund acquired 100,000 shares of Tata Coffee amounting to Rs 8.8 crore, on the BSE and Reliance Regular Saving Fund bought 200,000 shares of the company in a transaction worth Rs 17.61 crore.
The stock opened at Rs 1,058 and hit a high of Rs 1,115 so far. A combined 531,428 shares have changed hands till 1000 hours against an average sub 600,000 shares that were traded daily in past two weeks.
Shares of Tata Group tea and coffee maker has tanked 25.2% to Rs 1,029 from Rs 1,375 in previous two trading sessions.
On Thursday, Kotak Mahindra Prime and Sharad Kantilal Shah, a shareholders of Tata Coffee, collectively sold 914,648 equity shares of the company for nearly Rs 81 crore through open market deals.
Kotak Mahindra Prime sold 300,000 shares on the BSE and another 505,679 shares on the NSE, while Sharad Kantilal Shah, offloaded 108,969 shares of the firm on the BSE, as per the bulk data available with the stock exchanges.
Meanwhile, Reliance Mutual Fund acquired 100,000 shares of Tata Coffee amounting to Rs 8.8 crore, on the BSE and Reliance Regular Saving Fund bought 200,000 shares of the company in a transaction worth Rs 17.61 crore.
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