The stock hit an intraday high of Rs 56.90, up 9.95 per cent on the Bombay Stock Exchange (BSE). Photo: Reuters 
Special 
The stock hit an intraday high of Rs 56.90, up 9.95 per cent on the Bombay Stock Exchange (BSE). Photo: Reuters Extending its previous day's 20% rally, shares of HCL Infosystems shot up 10 per cent in trade on Thursday after Derive Investments, an investment company run by Radhakishan Damani, bought nearly two percentage point's stake in the company at an average price of Rs 49.38 apiece through open market.
The stock ended the day at Rs 56.90, up 9.95 per cent on the Bombay Stock Exchange (BSE).
On Wednesday, Derive Investments purchased 4.02 million equity shares or 1.8% stake of hardware company for Rs 19.85 crore via open market, the bulk deal data on NSE and BSE showed.
Derive Investment bought 2.86 million shares at Rs 48.90 per share on the NSE, while 1.16 million shares at Rs 49.85 per share on the BSE. The company has not disclosed the name of the sellers.
Copyright©2024 Living Media India Limited. For reprint rights: Syndications Today
