McLeod Russel zooms 42% in 2 days after Carbon Resources buys 5% stake

On September 16, 2022, Carbon Resources (P) Ltd bought 4.95 million equity shares, representing 4.73 per cent, of total equity of MRIL

Shares of McLeod Russel India (MRIL) were locked in the 20-per cent upper circuit for a second straight day, at Rs 34.25 on the National Stock Exchange (NSE) on Monday, after Carbon Resources (P) Ltd acquired nearly 5 per cent stake in the tea company via open market on Friday.

In the past two trading days, the stock has zoomed 42 per cent from a level of Rs 24.15, hit on Thursday, September 15, 2022.

Till 10:32 AM, a combined 2.66 million equity shares had changed hands and there are pending buy orders for 7.68 million shares on