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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

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SI Reporter Mumbai
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

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First Published: Sep 19 2022 | 11:07 AM IST

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