For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

India Cements Share Surge 10% On Additional Stake Buy By Radhakishan Damani

|

Shares of India Cements in early trade on Thursday jumped as much as 9.5% to hit an intra-day high of Rs. 105 on the BSE. On March 25, 2020, the stock closed at a price of Rs. 95.85 per share.

India Cements Share Surge 10% On Stake Buy By Radhakishan Damani
 

The surge comes due to additional stake purchase in the firm by veteran investor Radhakishan Damani. On March 25, 2020, Radhakishan Damani bought 16 lakh shares of the company at Rs 94.97 per share.

On Monday, the company said Gopikishan Damani, Radhakishan Damani, Shrikantadevi Damani and Derive Investments bought 4% stake or 1.2 crore shares in the company via open market purchase, increasing their stake to 16% from the earlier 11.98%.

Shares of India Cements, a south-based cement entity, last quoted with gains of 5.95% or Rs. 5.70 at Rs. 101.55 on the BSE.

GoodReturns.in

Read more about: india cements stake purchase
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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