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Venus Pipes gains 6% as Himalaya Finance buys 5 mn shares via open market

On December 1, 2022, Himalaya Finance & Investment Company purchased 5 million shares, representing 2.5 per cent of total equity, of Venues Pipes via block deal

Venus Pipes gains 6% as Himalaya Finance buys 5 mn shares via open market
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SI Reporter Mumbai
Shares of Venus Pipes & Tubes moved higher by 6 per cent to Rs 723.80 on the National Stock Exchange (NSE) in Friday's intra-day trade after Himalya Finance & Investment Company bought 5 million shares of the company via open market on Thursday.

The stock of the price of iron & steel products company recovered 12 per cent from Thursday's intra-day low of Rs 644.55. It had hit a record high of Rs 775 on November 9.

On December 1, 2022, Himalaya Finance & Investment Company purchased 5 million shares, representing 2.5 per cent of the total equity,