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Punjab Alkalies spurts after Quant MF buys stake

27 Oct 2022 , 10:53 AM

As per the bulk deal data on the BSE, Quant Mutual Fund purchased 45,56,962 shares, or 1.88% equity, of Punjab Alkalies & Chemicals at Rs 79 each on Tuesday, 25 October 2022. Meanwhile, Paramone Concepts sold 21,00,000 shares, or 0.87% equity, of the company at Rs 79.18 each. Punjab Alkalies & Chemicals is the largest producers of Caustic Soda in North India region. On a consolidated basis, net profit of Punjab Alkalies & Chemicals surged 439.33% to Rs 48 crore on 147.42% rise in net sales to Rs 186.26 crore in Q1 June 2022 over Q1 June 2021. Powered by Capital Market – Live News

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