India's Suprajit Engineering surges on HDFC Mutual Fund stake buy

Suprajit Engineering

28/12/2023 04:41

** Shares of Suprajit Engineering Ltd  SUPE.NS  up 7.1% at
397.95 rupees
    ** Schemes of HDFC Mutual Fund increased stake in auto
component maker to 7.03% from 5.07% - exchange filing on
Wednesday
    ** At current levels, stock set for best day since
mid-November 2021
    ** Nearly 3 mln shares traded in stock's busiest day since
November 2021; 16x its 30-day avg volume of 182,163 shares
    ** Seven analysts covering SUPE rate it "buy" on avg; median
PT is 432.5 rupees - LSEG data
    ** Day's gains takes stock's YTD rise to 21%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))