Shares of Jaiprakash Associates zoomed 15 percent in the early trade Friday as RARE Enterprises has bought 3 Crore Shares of the company.
Big Bull Rakesh Jhunjhunwala’s RARE Enterprises has picked up 3 Crore shares of Jaiprakash Associates at an average price of Rs18.37 on Thursday, NSE bulk deals data showed.
The investor first bought shares of Jaiprakash Associates in the year 2017. The shareholding pattern for the quarter ended June 2017 showed that he picked up 2.5 crore shares, amounting to 1.03 percent stake in the company. However, he later pared the stake below 1 percent.
Shares of Jaiprakash Associates remained in limelight throughout the trading session as investors cheered developments around the bid for Jaypee Infratech. The stock closed 17.48 percent higher on the BSE at Rs 19.15.
The stock has fallen nearly 36 percent so far in the year 2018 after registering over a 200 percent rally in the calendar year 2017.
Want to earn profit click here
This post first appeared on After Italy Verdict Gold Trades Higher On Safe-haven Demands; Silver Down, please read the originial post: here
