Som Distilleries zooms over 30% in two days on Porinju Veliyath stake buy
The stock hit 52-week high of Rs 263, up 12% on NSE, extending its Wednesday's 20% rally, after Porinju Veliyath along with Equity Intelligence India bought 2.4% stake in the company
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Som Distilleries & Breweries hit 52-week high of Rs 263, up 12% on the National Stock Exchange (NSE) in early morning trade, extending its Wednesday’s 20% rally, after Porinju Veliyath along with Equity Intelligence India bought more than 2% stake in the company through open market.
On Wednesday, January 10, 2018, Porinju Veliyath and Equity Intelligence India had collectively bought 650,000 shares representing 2.4% stake in Som Distilleries & Breweries through block deals on NSE, the exchange data shows.
Porinju Veliyath, Managing Director & Portfolio manager of Equity Intelligence India, had purchased 150,000 shares at a price of Rs 197.95 per share, while Equity Intelligence India bought 500,000 shares at price of Rs 197 per share. CLICK HERE FOR BULK DEALS DATA
At 09:29 AM; the stock was trading 8% higher at Rs 255 on NSE against 0.10% decline in the Nifty50 index. A combined 1.92 million shares changed hands on the counter on NSE and BSE so far.
On Wednesday, January 10, 2018, Porinju Veliyath and Equity Intelligence India had collectively bought 650,000 shares representing 2.4% stake in Som Distilleries & Breweries through block deals on NSE, the exchange data shows.
Porinju Veliyath, Managing Director & Portfolio manager of Equity Intelligence India, had purchased 150,000 shares at a price of Rs 197.95 per share, while Equity Intelligence India bought 500,000 shares at price of Rs 197 per share. CLICK HERE FOR BULK DEALS DATA
At 09:29 AM; the stock was trading 8% higher at Rs 255 on NSE against 0.10% decline in the Nifty50 index. A combined 1.92 million shares changed hands on the counter on NSE and BSE so far.