Quant MF purchases 2.6 million shares of Jindal Stainless

7 Dec 2022 , 02:58 PM

Following the purchase of 2.6 million shares by Quant Mutual Fund (MF) on Tuesday’s open market, Jindal Stainless’s shares increased 6% intraday on Wednesday to Rs 208.70 on the National Stock Exchange (NSE), rising 16% over the previous two trading days.

The NSE data reveals that on December 6, Quant Mutual Fund -Small Cap Fund bought 2.63 million shares, or 0.52 % of Jindal Stainless’s total stock, for Rs 182.97 each. In the meantime, intra-day trade on the NSE today saw shares of the group firm, Jindal Stainless (Hisar), rise 5% to Rs 380. The stock has increased 11% during the last two days.

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