Amid heavy volumes, shares of Amber Enterprises India ended 13 per cent higher at ₹6,907.80 on the National Stock Exchange (NSE) on Monday, marking its sharpest rally in two months since October 21, when it surged 17 per cent. In intraday trade, the stock rose 15 per cent, its biggest gain since October 23, when it had rallied 20 per cent. The stock had hit a record high of ₹7,159 on October 24.
Monday's gains were driven by a block deal in Amber stock on Friday, in which 1 per cent of its equity, worth ₹210 crore, changed hands. A total of 345,000 shares of the company changed hands at an average price of ₹6,075, according to the NSE bulk deal data. While Ascent Investment Holdings sold the stake, buyers included Axis Mutual Fund (MF), Tata AIA Life Insurance Company, Mahindra Manulife MF, ICICI Prudential Life Insurance Company, Citigroup Global Markets Mauritius, and Goldman Sachs Investments Mauritius.
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