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Shares of Power Mech Projects surged 16 per cent to Rs 725, also its 52-week high, on the National Stock Exchange (NSE) in Friday's intra-day trade after HDFC Mutual Fund (MF) bought nearly 1 per cent stake in the construction and engineering company via open market.
HDFC MF, on June 3, purchased 130,000 shares, representing 0.88 per cent stake, in Power Mech Projects for Rs 8.22 crore. The mutual fund had bought these shares at price of Rs 633 per share via block deals on the NSE, exchange data shows. The names of the sellers, however, could not be
HDFC MF, on June 3, purchased 130,000 shares, representing 0.88 per cent stake, in Power Mech Projects for Rs 8.22 crore. The mutual fund had bought these shares at price of Rs 633 per share via block deals on the NSE, exchange data shows. The names of the sellers, however, could not be
