Sangam (India) jumps after large investor adds stake

Sangam (India)

19/07/2023 06:53

** Shares of textiles manufacturer Sangam (India) Ltd
 SANG.NS  rise as much as 10.83% to 332 rupees, biggest intraday
pct gain since June 14
    ** Prominent investor Madhuri Madhusudan Kela bought a
further 5.45% stake in SANG in June-qtr, raising their total
stake to 6.5%, as per NSE data disclosed on Wednesday
    ** Stock trading above its 50-, 100-, and 200-day moving
averages since June 8
    ** Trading volume at ~394,000 shares, 2.5x the 30-day avg of
~157,700 shares as of 11;00 a.m. IST 
    ** Stock last up ~33.9% this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))