 "Advanced Enzyme extends rally on fund buying")
Advanced Enzyme Technologies has rallied 10% to Rs 1,295 on the National Stock Exchange (NSE), extending its 30% surge on Monday, listing day, after Reliance Mutual Fund bought shares of the firm through the open market on debut.
The shares of Advanced Enzyme Technologies, one of the world’s largest enzyme makers, on Monday ended at Rs 1,178 a share, 31% higher, on the NSE. With the today’s gain, the stock appreciated 45% compared to its issue price of Rs 896 apiece.
On Monday, Reliance Mutual Fund – Vision Fund had acquired 200,000 shares representing 0.90% of total equity of Advanced Enzyme Technologies for Rs 24.58 crore on the NSE via bulk deal. The mutual fund purchased these shares at an average price of Rs 1,229.43 per share, the NSE data shows.
At 10:31 am, the stock was up 8% at Rs 1,269 on the NSE, as compared to 0.26% rise in the Nifty 50. A combined 1.61 million shares changed hands on the NSE and BSE so far.
The shares of Advanced Enzyme Technologies, one of the world’s largest enzyme makers, on Monday ended at Rs 1,178 a share, 31% higher, on the NSE. With the today’s gain, the stock appreciated 45% compared to its issue price of Rs 896 apiece.
On Monday, Reliance Mutual Fund – Vision Fund had acquired 200,000 shares representing 0.90% of total equity of Advanced Enzyme Technologies for Rs 24.58 crore on the NSE via bulk deal. The mutual fund purchased these shares at an average price of Rs 1,229.43 per share, the NSE data shows.
At 10:31 am, the stock was up 8% at Rs 1,269 on the NSE, as compared to 0.26% rise in the Nifty 50. A combined 1.61 million shares changed hands on the NSE and BSE so far.
