Shares of Vardhman Textiles snapped a three-session losing streak to rise today as Franklin Templeton Mutual Fund bought 1.2% stake in the company on Friday.
The fund house bought the 7.15 lakh shares at Rs 1,300 apiece on the BSE. Mahavir share trust sold 6.9 lakh shares or 1.2% equity stake at Rs 1,300.02 each.
As on Sep 30, Franklin Templeton Mutual Fund held 1.6% stake in the company, BSE data showed.
The stock is currently trading at Rs1309.3, up by Rs28.65 or 2.24% from its previous closing of Rs1280.65 on the BSE. The scrip opened at Rs1292.45 and has touched a high and low of Rs1331 and Rs1289 respectively.
The promoters holding in the company stood at 62.3% while Institutions and Non-Institutions held 24.03% and 13.67% respectively.
VTL is an integrated textile manufacturer with core operations of spinning, weaving, and processing. It has entered into sewing threads and acrylic business in JV with global players. High margin fabrics contributed ~41% to revenues, of which 34% was exported in FY17.
Capitalstars Financial Research Private Limited is a research house and an investment advisory carrying out operations in the Indian Equities and Commodity market.We also provide a free trial to our client.Join our services and trade with us.
Also, u can visit:-
Get more details here:-
* Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
0 comments:
Post a Comment