Shares of Sintex Industries rallied nearly 14 per cent on the Bombay stock Exchange after global rating agency Morgan Stanley purchased nearly 36 lakh shares in the company in a bulk deal on Wednesday. Driven by block deal, shares of the company gained as much as 13.72 per cent to hit intra-day high of Rs 33.55 apiece on the Bombay Stock Exchange.
The stocks were currently trading at Rs 33.00 against previous close price of Rs 29.50. In a similar fashion, shares of the company were trading 11.36 per cent higher at Rs 32.85 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 32,024.30, up 219.68 points, or 0.68 per cent, at 12:24 hours.