Fortis Healthcare soars 8% after Rekha Jhunjhunwala buys stake
Rekha Jhunjhunwala picked up 45 lakh shares of the company for an estimated Rs 60 crore through an open market transaction
New Delhi: The scrip of Fortis Healthcare on Wednesday zoomed nearly 8 percent after ace investor Rakesh Jhunjhunwala's wife Rekha picked up 45 lakh shares of the company for an estimated Rs 60 crore through an open market transaction.
Shares of the company advanced by 7.70 percent to settle at Rs 152.55 on BSE. During the day, it zoomed 8.71 percent to Rs 154.
On NSE, it surged 7.80 percent to close at Rs 152.60. The company's market valuation went up by Rs 565.99 crore to Rs 7,909.99 crore.
On the equity volume front, 60.53 lakh shares of the company were traded on BSE and over 3 crore shares changed hands at NSE during the day.
The shares were purchased on an average price of Rs 134.65, valuing the transaction at Rs 60.59 crore, according to bulk deal data available with the National Stock Exchange (NSE) on Tuesday.
At the closing bell, Sensex was at 52,852.27. It decreased by 123.53 points or 0.23 percent. Nifty was trading at 15,824.45 after losing 31.60 points or 0.2 percent.
Tata Steel, Bajaj Finserv and SBI were among the top gainers at both the BSE Sensex and NSE Nifty50 whereas Dr Reddy and Axis Bank were among the top losers in both the indices
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After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40