JK Tyre & Industries fell 4.3% to Rs 73.40 after Edgefield Securities sold stake in the company via bulk deal on Thursday (17 December 2020).On Thursday (17 December 2020), Edgefield Securities sold 14,33,759 equity shares (representing 0.58% stake) of JK Tyre via bulk deal on the NSE at average price of Rs 76.52.
On Wednesday (16 December), Edgefield Securities sold 14,65,821 equity shares (representing 0.59% stake) of JK Tyre via bulk deal on the NSE at average price of Rs 77.76.
As of 30 September 2020, Edgefield Securities holds 4.24% stake in JK Tyre & Industries.
Shares of JK Tyre have lost 11.14% in five trading days from its previous closing high of Rs 82.60 posted on 11 December 2020.
JK Tyre & Industries manufactures a wide range of automobile tires, tubes and flaps. The company also operates a chain of tire outlets across the country which sell the company s tires in addition to providing a range of automotive services, including wheel alignment and tire changing.
Explore Now
Nifty futures on the Singapore Exchange traded 13 points, or 0.09 per cent, higher at 13,673, in signs that Dalal Street was headed for a tepid start on Thursday.Here are a few stocks which may buzz the most in today s trade:
IndusInd Bank: The private lender said Sebi has granted one-month extension for its promoters to infuse residual capital in lieu of conversion of warrants, issued to them last year, worth over Rs 2,695 crore into equity.
Hero MotoCorp: The two-wheeler market leader said it will increase prices of its vehicles by up to Rs 1,500 from January 1, 2021, to offset impact of rising input costs.
CSB Bank, while Third Alpha LLP lapped up shares of
Barometer Sensex rose 0.87 per cent to 46,666.46, while peer Nifty advanced 0.85 per cent to 13,682.70.
Here’s who bought and sold what in some of the key bulk deals of the day: Nomura Singapore bought 4,96,357 shares of CSB Bank from Akena at Rs 214.50 per share. Third Alpha LLP bought 2,35,414 shares of Majesco at Rs 977.81. Frigorifico Allana Pvt Ltd bought 16,50,000 shares of LT Foods at Rs 59.95 per share. Edgefield Securities sold 14,65,821 shares of JK Tyre & Industries at Rs 77.76 per share. Adani Logistics continued to trim its stake in
Snowman Logistics as it sold another 9,70,203 shares in the company at Rs 59.51 per share.