Den Networks shoots up 10% post RIL arm stake buy

Den Networks has frozen at the upper circuit limit of 10% on newspaper reports that Mukesh Ambani-led Reliance Industries' arm has bought 1.14% stake in the company.

January 19, 2012 / 11:15 IST

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Den Networks has frozen at the upper circuit limit of 10% on newspaper reports that Mukesh Ambani-led Reliance Industries' arm has bought 1.14% stake in the company.

Den Networks touched an intraday high of Rs 70.10 and an intraday low of Rs 67. At 09:20 hrs the share was quoting at Rs 70.10, up Rs 6.35, or 9.96%.

There were pending buy orders of 69,393 shares, with no sellers available. It was trading with volumes of 114,115 shares.

In the previous trading session, the share closed down 0.78% or Rs 0.50 at Rs 63.75.

first published: Jan 19, 2012 09:26 am

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