HFCL zooms 32% in two days after Grantham Mayo Van picks up stake
Himachal Futuristic Communications Limited (HFCL) is locked in upper circuit for the second straight day, up 10% at Rs 28.15 on the National Stock Exchange (NSE), after Grantham Mayo Van Otterloo (GMO) - Emerging Markets Quality Fund bought more than 10 million shares of the company through open market.
On September 6, 2017 Grantham Mayo Van Otterloo Emerging Markets Quality Fund bought 11.08 million equity shares representing 0.89% of total holding of HFCL at Rs 23.92 on the NSE, the bulk deal data shows. CLICK HERE FOR BULK DEALS DATA The stock trading at its 52-week high level has zoomed 32% from Rs 21.35 on Tuesday, September 5. In past six trading sessions, it rallied 67% from Rs 16.90 on August 30. Till 9:53 am, as many as 43.44 million shares changed hands and there were pending buy orders for 6.58 million shares on the NSE and BSE.
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