Mumbai: Stocks in Punj Lloyd has increased 7% to Rs 59.55, increasing its previous day’s 16% rally, after institutional investors bought over 2 million equity stocks for Rs 11.5 cr via open market transaction.
On June 18, 2014 Canara HSBC Oriental Bank of Commerce Life Insurance Company has purchased 2.2 million stocks of Punj Lloyd at a cost of Rs 52.05 per share, the NSE bulk deal information shows. Though, name of the sellers not disclosed.
HSBC Oriental Bank of Commerce Life Insurance Company is jointly owned by two of the country’s biggest public sector banks – Canara Bank & Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings Limited, the Asian insurance arm of one of the world’s biggest banking & financial services groups – HSBC.
The share opened at Rs 57.40 & strikes a fresh 52-week high of Rs 60.45 on NSE. A combined 13.36 million stocks changed hands on the counter till 0945 hours on NSE & BSE.
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