Shares of Primo Chemicals gains 7% post bulk deal
- Hot Stocks
admin
- 0
- 2 minutes read
The shares were bought at an average price of Rs 60.1 per share and the total stake buy was worth Rs 28.83 per share.
Primo Chemicals Ltd shares surged over 7 percent on July 13, after Societe Generale has picked nearly two percent equity stake in Primo Chemicals, formerly known as Punjab Alkalies & Chemicals.
At 9.42 am, the stock was trading at Rs 68.90 on the National Stock Exchange, up 7.71 percent from the previous close.
As per bulk data published by exchanges, Europe-based financial services group, Societe Generale has bought 47.97 lakh equity shares, or 1.98 percent shareholding, in the chemicals company via open market transactions on July 12.
These shares were bought at an average price of Rs 60.1 per share and the total stake buy was worth Rs 28.83 per share.
Follow our live blog for all market action
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1245836826-2b88234057c442f7bf5538ddb7f7584a.jpg "What It Would Take for the U.S. Dollar To Collapse")
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-1336655800-0cde652f461b4771aa45601032b5420b.jpg "Home Equity Loans and Divorce")
:max_bytes(150000):strip_icc():format(jpeg)/WhatIstheThree-YearRuleAug.262021-09d1295e78a743ecac4a31c6c042d52d.jpg "Reverse Mortgage Income Requirements")