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Shares of Vedanta Resources fell on NSE on February 15, after 8.2 crore shares changed hands in block deals. Earlier, ET Now reported that the promoters were looking to sell stake worth $1 billion in the company to Rajiv Jain's investment firm GQG Partners. At 9:25 am, the stock was trading down 1 percent at Rs 277.
As per exchange details, around 2.2 percent equity stake worth Rs 2,255 crore in Vedanta Ltd changed hands in block deals. Moneycontrol could not independently identify the buyer.
Shares of Mahindra and Mahindra Limited surged 4 percent to Rs 1,720 in early trade on February 15 after the company announced a 60 percent increase in net profit on-year to Rs 2,454 crore. A strong performance of the automotive segment, coupled with a favourable product mix and the benefits of operating leverage, has been the driving force behind the positive results.
At 9:18 am, the stock was trading at Rs 1,713, up 3.3 percent from the previous close on the NSE. In the last three months, the stock has given a return of almost 8 percent.
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