Jan 05, 2013, 12.27 PM | Source: Moneycontrol.com
Gold loan financing company Manappuram Finance rallied for the second consecutive session, rising 6.5 percent to close at Rs 43.20 on Friday after the Rao panel's proposal.
MS GMO Emerging Domestic Opportunities Fund has bought 56.63 lakh shares of the company at Rs 43 via bulk deal on the Bombay Stock Exchange yesterday that valued at Rs 24.35 crore. Meanwhile, Hudson Equity Holdings offloaded 1.8 crore shares at Rs 43.20 that valued worth Rs 77.76 crore.
The stock touched an intraday high of Rs 46 and low of Rs 42.20. There were pending buy orders of 4,189 shares, with no sellers available.
Trading volumes jumped 336 percent to 30,364,360 equity shares as compared to its five day average of 6,960,705 shares. On Thursday, the share had closed up 19.97% or Rs 6.75 at Rs 40.55.
Ashwani Gujral of ashwanigujral.com recommends buy
KR Choksey is bullish on Manappuram Finance has re
Manappuram Finance surged 13% in early morning tra
CA Rudramurthy BV, Research Head at Vachana Invest