Hindustan Motors' stock was trading at Rs 17.35 on the BSE, trapped at a 5% upper circuit on June 2. On NSE and BSE, around 11.68 million equity shares changed trades, representing 5.6% of total equity. The stock has increased by 77% in three weeks, from Rs 9.83 on May 12. The exchanges requested clarification from Hindustan Motors over a substantial price fluctuation in order to assure and protect investors.
Courtesy: Business Standard