Mayur Uniquoters gains on fund buying

Mayur Uniquoters rose 2.55% to Rs 434.15 at 15:15 IST on BSE after DSP Blackrock Mutual Fund bought a total of 5 lakh shares from BSE and NSE in bulk deals at Rs 428 per share on Tuesday, 25 November 2014.

Meanwhile, the S&P BSE Sensex was up 54.84 points or 0.19% at 28,392.89.

On BSE, so far 17,000 shares were traded in the counter as against average daily volume of 34,000 shares in the past two weeks.

The stock hit a high of Rs 450 and a low of Rs 430.20 so far during the day.

DSP Blackrock Mutual Fund bought 2.50 lakh shares of Mayur Uniquoters at Rs 428 per share in a bulk deal on BSE on Tuesday, 25 November 2014. It also bought another 2.50 lakh shares at Rs 428 per share in a bulk deal on NSE.

Mayur Uniquoters' net profit rose 24.8% to Rs 15.64 crore on 11.3% growth in net sales to Rs 128.22 crore in Q2 September 2014 over Q2 September 2013.

Mayur Uniquoters is the largest manufacturer of artificial leather/PVC vinyl, using the release paper transfer coating technology in India.

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