Friday 12 June 2015

DLF gains after Oppenheimer hikes stake

Oppenheimer has bought over 23.51 lakh shares in DLF for about Rs. 31.37 crore and increased its stake to 5.12 percent from 4.99 percent. 

DLF1
DLF is trading on a positive note in early morning deals on the BSE, after foreign firm hiked stake in the company.

According to media reports, US-based fund house Oppenheimer has bought over 23.51 lakh shares in DLF for about Rs. 31.37 crore and increased its stake to 5.12 percent from 4.99 percent.

Currently, the stock is trading at the highest point of the day - with a gain of a percent at Rs. 109.

The counter has seen trades of around 135,000 shares as compared to its two-week daily average volume of 1.5 million shares.

Meanwhile, the BSE Sensex is up 25 points at 26,396. 

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