Redington (India) up on bulk deal

Redington (India) is amongst the top gainers on the BSE since morning. The stock rose over 6% intra day to Rs.114 and it is now at the same levels. Its 52-week high and low stands at Rs.142.70 and Rs.91.20 respectively.

The stock is up on a bulk deal which happened on the BSE yesterday. HDFC Mutual Fund has bought a 2% stake in the company at Rs.88 crore through the open market.

It bought 8 lakh shares at a price of Rs.110/share and FID Funds (Mauritius) sold 5.93 million shares at the same price, Rs.110/share.

Currently, promoters stake is the smallest at 13.33%, FIIs hold 36.89% and DIIs hold 15.94%.