 "Ujjivan Financial Services falls on profit booking")
Ujjivan Financial Services fell 12% to Rs 336 on the National Stock Exchange (NSE) on account of profit booking. The stock hit an intra-day low of Rs 328 after touching a high of Rs 387 in early morning trade.
The trading volumes on the counter jumped nearly two-folds and a combined 12 million shares changed hands on the BSE and NSE till 12:27 PM.
On Friday, June 3, the stock hit an intra-day high of Rs 400, its highest level since listing on the bourses on May 10, 2016. It almost doubled against its issue price of Rs 210 per share.
GMO Emerging Domestic Opportunities Fund (EDOF) on Friday bought 894,079 equity shares representing 0.76% stake of Ujjivan Financial Services for Rs 34 crore via open market.
The foreign investor purchased these shares at a price of Rs 376.74 per share, the NSE bulk deal data shows.
The trading volumes on the counter jumped nearly two-folds and a combined 12 million shares changed hands on the BSE and NSE till 12:27 PM.
On Friday, June 3, the stock hit an intra-day high of Rs 400, its highest level since listing on the bourses on May 10, 2016. It almost doubled against its issue price of Rs 210 per share.
GMO Emerging Domestic Opportunities Fund (EDOF) on Friday bought 894,079 equity shares representing 0.76% stake of Ujjivan Financial Services for Rs 34 crore via open market.
The foreign investor purchased these shares at a price of Rs 376.74 per share, the NSE bulk deal data shows.
The names of the sellers were not immediately known.
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