The name of the other sellers were not ascertained immediately.
Foods and Inns is a multi-locational manufacturer and exporter of a range of processed Tropical fruits pulps, purees and vegetables with state of the art factories in Mumbai, Chittor, Valsad, Sinnar and Gonde (Nasik).
In the past one month, the stock has rallied 42 per cent, after the company announced issue of bonus shares. In comparison, the S&P BSE Sensex was up 4.2 per cent during the same period.
The board of directors of Food & Inns at its meeting held on March 11, 2019 had recommended issue of bonus shares in the ratio of 2:1, i.e. two bonus equity shares for every one existing equity share held by the members as on a 'record date.' The company yet not declared record date for the bonus issue.
The trading volumes on the counter jumped three-fold with 3,19,000 shares changing hands till 10:26 am. There were pending buy orders for 74,729 shares on the BSE, the exchange data shows.