Comments
Shares of SOM Distilleries and Breweries hit their highest level since mid-2014. The stock jumped as much as 12 per cent to Rs 264, its highest since May 28, 2014.
Equity Intelligence India founder Porinju Veliyath had bought 0.5 per cent stake, or 0.15 million shares, in the company on Wednesday. EQ India Fund, an alternate investment fund launched by Veliyath's portfolio management firm, had also bought 1.8 per cent stake, or 0.5 million shares.
More than 2.3 million shares changed hands, 6 times the 30-day moving average of 380,450. Up to Wednesday's close, the stock had risen 79.4 per cent in 12 months.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.