United Breweries (UB) Holdings is locked in upper circuit for second day in a row, up 20% at Rs 37.20 on the BSE after the promoter of the company increase its stake through open market transaction. The stock has zoomed 44% in past two trading sessions from Rs 25.95 on December 30.
On December 26, Pharma Trading Company, one of the promoter group companies, have acquired an additional 99,636 shares of UB Holdings, at an average price of Rs 26.19 per share, according to information filed by the company with the stock exchanges.
The move brings the total holdings of the promoters including Vijay Mallya and his various affiliated companies to 51.1% of the company. Pharma Trading Company now owns a 0.78% stake in UB Holdings, according to the filing.
The stock opened at Rs 32.70 and hit a low of Rs 32.40 on the BSE. The counter has seen huge trading activity with a combined 9.78 million shares changing hands till late noon deals against an average sub 2 million shares that were traded daily in past two weeks. There are pending buy orders for 207,000 shares on the BSE and NSE at 1515 hours.
On December 26, Pharma Trading Company, one of the promoter group companies, have acquired an additional 99,636 shares of UB Holdings, at an average price of Rs 26.19 per share, according to information filed by the company with the stock exchanges.
The move brings the total holdings of the promoters including Vijay Mallya and his various affiliated companies to 51.1% of the company. Pharma Trading Company now owns a 0.78% stake in UB Holdings, according to the filing.
The stock opened at Rs 32.70 and hit a low of Rs 32.40 on the BSE. The counter has seen huge trading activity with a combined 9.78 million shares changing hands till late noon deals against an average sub 2 million shares that were traded daily in past two weeks. There are pending buy orders for 207,000 shares on the BSE and NSE at 1515 hours.
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