Quant Mutual Fund purchased 4,556,962 fairness shares or a 1.9% stake in Punjab Alkalies and Chemical compounds on Tuesday at a median traded worth of Rs 79 per share, BSE bulk offers knowledge exhibits. This was at a good low cost of 4% to the day past’s closing worth of Rs 82.4 per share.
There have been different bulk offers within the counter by Bonanza Commodity Brokers, and in one other transaction as many as 2,100,000 fairness shares of
had been offered by Paramone Ideas at a median traded worth of Rs 79.18/share.
Punjab Alkalies, with a m-cap of round Rs 1,900 crore, is a multibagger with 1-year return of 166%. The inventory within the final three years has supplied a good-looking return to the tune of 848%.
Included in 1975, the corporate’s primary product is caustic soda, and by-products are hydrochloric acid, liquid chlorine, sodium hypochlorite and hydrogen gasoline. The corporate is the most important producer of caustic soda within the North India.
