Nava Bharat Ventures Surges 13% As Reliance MF Buys Stake

Shares of Nava Bharat Ventures rallied as much as 13 per cent to hit intraday high of Rs 127 on Friday. Traders attributed the rally in Nava Bharat Ventures to buying by Reliance Mutual Fund, which according National Stock Exchange data, bought 3.97 million shares at price of Rs 112 per share.  The stake was sold by HC Mauritius, which sold 4 million shares at price of Rs 112.01, according to NSE data. Hyderabad-based Nava Bharat V...