Orient Bell shares zoom 13% as Porinju's Equity Intelligence hikes stake

Shares of Orient Bell advanced as much as 13 per cent to Rs 104.50 on the BSE after data showed Porinju Veliyath-led Equity Intelligence increased stake in the company.

Equity Intelligence bought 80,000 shares at an average price of Rs 91.87 on Friday, NSE bulk deal data showed. According to the shareholding pattern for the quarter ended June 2020, Equity Intelligence held 1.57 per cent stake in the company. 

At 01:24 pm, the stock was trading over 9 per cent higher at Rs 101.20 on the BSE. In comparison, the S&P BSE Sensex was ruling at 38,814