For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Nitin Fire gains nearly 10% as Amitabh Bachchan buys stake

By Religare
|

Shares of Nitin Fire Protection Industries Ltd rose nearly 10 per cent on Bombay Stock Exchange (BSE) after Bollywood star Amitabh Bachchan bought 15 lakh shares of Nitin Fire Protection for Rs 42.99 apiece, according to disclosures made under bulk deal on NSE. This constitutes 0.51 per cent of the total equity of the company which manufacturers fire extinguishers. It said that its net profit during the June quarter increased by 10.47 per cent to Rs 20.77 crore as against Rs 18.80 crore in the same three months last year.

 

Reacting to the news, shares of the company gained 9.93 per cent to Rs 47.05 a piece on BSE.

In a similar trend, shares of the company surged 9.91 per cent to Rs 47.15 a piece on National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,648.77, up 136.51 points, or 0.50 per cent at 11.25 hours.

Story first published: Monday, August 17, 2015, 12:30 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more