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Spencer Retail shares today jumped over 6%
Spencer Retail shares today jumped over 6%

Radhakishan Damani hikes stake in Spencers Retail, shares jump

  • Radhakishan Damani increased his stake in Spencer Retail to 2.20% in the quarter ended September 2020

Spencers Retail shares today jumped more than 6% after veteran investor Radhakishan Damani raised his stake in the company. Radhakishan Damani increased his stake in Spencers Retail to 2.20% in the quarter ended September 2020, according to the shareholding patter released by the company.

At the end of the June quarter, Radhakishan Damani held 2.09% stake in the company.

In noon trade, Spencers Retail shares had pared some early gains and traded 2.6% higher at 74.90.

Spencers Retail shares had hit a 52-week high of 110.77 in February this year. In March, the stock had hit a 52-week low of 51.92. On a year to date basis, the stock is up over 34%.

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