NRB Bearings rallies 12% after Sundaram Mutual Fund buy stake
On June 25, 2014 Sundaram Mutual Fund bought 930,071 shares of NRB Bearings at Rs 83 on the NSE.
NRB Bearings has rallied 12% to Rs 94.50 on National Stock Exchange after the company said Sundaram Mutual Fund has bought around one million shares of the company through open market.
On June 25, 2014 Sundaram Mutual Fund bought 930,071 shares representing 0.96% stake of NRB Bearings at Rs 83 on the NSE, the bulk deal data represents.
Meanwhile, Trilochan Santsingh Sahney, the promoter of NRB Bearings sold 1.9 million shares at Rs 83, data shows.
The stock opened at Rs 94.75 and touched a record high of Rs 97.40 on NSE. At 0950 hours, a combined 714,505 shares changed hands on the NSE and BSE.
On June 25, 2014 Sundaram Mutual Fund bought 930,071 shares representing 0.96% stake of NRB Bearings at Rs 83 on the NSE, the bulk deal data represents.
Meanwhile, Trilochan Santsingh Sahney, the promoter of NRB Bearings sold 1.9 million shares at Rs 83, data shows.
The stock opened at Rs 94.75 and touched a record high of Rs 97.40 on NSE. At 0950 hours, a combined 714,505 shares changed hands on the NSE and BSE.
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First Published: Jun 26 2014 | 9:53 AM IST