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BL Kashyap rallies over 100% post HDFC Mutual Fund stake buy

The stock is currently trading at its highest level since August 2011, appreciated by 107% to Rs 18.67 from Rs 9.

SI Reporter Mumbai
BL Kashyap and Sons was locked in upper circuit of 5% at Rs 18.67, extending its past nine day rally on BSE, after HDFC Mutual Fund bought more than one million shares of the company from the open market.

On September 9, HDFC Mutual Fund bought 1.42 million shares at Rs 9.20 per share in a bulk deal.

The stock is currently trading at its highest level since August 2011, appreciated by 107% from Rs 9 on September 8, compared to about 1% decline in benchmark S&P BSE Sensex.

At 1355 hours, a combined 2.56 million shares changed hands and there are pending buy orders for 912,654 shares on BSE and NSE.
 
 

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First Published: Sep 19 2014 | 1:53 PM IST

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