CRISIL hits upper circuit
By
Research Desk
about 11 years ago
CRISIL has hit the 20% upper circuit at Rs.1126.60, the moment it opened for trading today morning. Volumes zoomed up over 6 times to more than 20,000 shares and almost 71,000 pending buy orders remained on the counter.
The stock has hit the roof announced a voluntary open offer to acquire up to 1,56,70,372 shares from the public shareholders at Rs 1,210 per share. The company is buying shares to increase its stake from 52.98%% to 75.21%. The open offer price is higher than the 52-week high of Rs 1,128 which it had scaled on 4th Jan’13. This premium offer price has obviously got the marketmen enthused.