On 18th Januray 2018, SBI MUTUAL FUND, bought 1,53,50,000 shares, on the same day promoters sold 1,40,00,000 shares.
Earlier, this year the company received subsidy of Rs 230 Crores and is in the process of receiving further Rs 158 from Central Govt. This will reduce their long term debts to Rs 275 Crore. The company is expecting volume growth of 5% in FY 2018 and 15% in FY 2019.
At present the after news of fresh subsidy on 27th December 2017, the stock price opened Rs 9.50 Gapup and went on to touch high of 151 within few days. Last day the stock closed at 128.30, thus filling the gap in daily chart, 128 is also monthly support for the stock.
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