Himachal Futuristic shares surge 10% after GMO buys stake




The scrip touched its fresh 52-week high of Rs 25.60 on September 6, 2017 and its 52-week low of Rs 11.09 on November 22, 2016. NSEBSEHimachal Futuristic …Loading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES NEW DELHI: Shares of Himachal Futuristic Communications surged nearly 10 per cent in Thursday’s trade after Grantham Mayo Van Otterloo-Emerging Markets Quality Fund or GMO bought stake in the company.

    The scrip gained 9.96 per cent to hit Rs 28.15 on BSE. It opened at Rs 27.50 and touched an intraday high and low of Rs 28.15 and Rs 27.20 respectively, in the first hour of trade.

    Bulk deal data on NSE website showed GMO bought 1.1 crore shares or 0.89 per cent stake in the company at Rs 23.92 per share.

    For the quarter ended June 30, 2017, Himachal Futuristic reported total revenue at 9003.71 crore and net profit stood at 25.63 crore.

    The scrip touched its fresh 52-week high of Rs 25.60 on September 6, 2017 and its 52-week low of Rs 11.09 on November 22, 2016.




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