Jindal Pipes Limited buys shares of Jindal Drilling & Industries Ltd through market purchase

Jindal Pipes Limited (JPL), promoter group of Jindal Drilling & Industries Ltd has acquires shares of the company through market purchases. JPL has bought 61,500 equity shares on July 24, 2018 for an amount of Rs. 7402200.80 and 83,000 equity shares on July 25, 2018 for an amount of Rs. 10146572.95 through open market purchases.

With these acquisition, JPL's stake in the company has increased from 1630000 equity shares or 5.62% to 1774500 equity shares or 6.12%.

Shares of JINDAL DRILLING & INDUSTRIES LTD. was last trading in BSE at Rs.122.4 as compared to the previous close of Rs. 123.4. The total number of shares traded during the day was 3567 in over 72 trades.

The stock hit an intraday high of Rs. 125.7 and intraday low of 121.85. The net turnover during the day was Rs. 440629.

Source : Equity Bulls

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