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(27/09/2012 10:54)

Investors give thumbs-up to Max India on stake hike by promoters; scrip hits 52-week high

Buoyed by the news that one of the promoter group firms has increased stake in the company, shares of Max India touched 52-week high, jumping over 3 per cent on the Bombay Stock Exchange.

Dynavest India, one of the promoter group firms, has acquired 2 per cent stake in the company for Rs 100 crore through open market transactions.

Cheering the news, shares of the company started the day on positive note and witnessed a gain of as much as 3.54 per cent to Rs 210.40 a piece on BSE.

In a similar fashion, shares of the company were trading at Rs 209.05, up 2.85 per cent on the National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 18,697.21, up 65.04 points or 0.35 per cent at 10:47 hours.
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