Sintex Industries stock jumps over 11% on huge volumes
DSIJ Intelligence / 13 Jul 2017
The stock witnessed traded value of Rs 20,128.15 lakh and huge traded volume of 6,17,80,706 shares.
Sintex Industries jumped 11.53% at Rs 32.90 per share pre-lunch hours. The stock witnessed traded value of Rs 20,128.15 lakh and huge traded volume of 6,17,80,706 shares.
Morgan Stanley bought nearly 36 lakh shares in the company in a bulk deal on Wednesday leading to a surge of activity in the stock.
Morgan Stanley (France) SAS bought 35,69,625 shares on Wednesday at an average price of Rs 28.95.
Besides, Adroit Financial Services was seen buying 31,40,067 of the company’s shares at Rs 28.39 per share and selling 30,16,796 shares at an average price of Rs 28.50 per share, reported a daily.
Sintex Industries Limited is engaged in the manufacturing of plastic products, weaving,spinning and finishing of textiles. The company's segments include plastics,textiles and infrastructure.
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