Shares of Maithan Alloys surged as much as 7.3% to an intraday high of Rs 1,210 on the BSE on Thursday, extending their winning run for a second straight session and taking one-week gains to nearly 25%.
The rally follows the filing of the National Stock Exchange's (NSE) Draft Red Herring Prospectus (DRHP) with Sebi for what could become India's largest-ever initial public offering. Documents filed by the exchange show that Maithan Alloys, one of India's leading ferroalloy manufacturers and exporters, owns a 0.17% stake in NSE, equivalent to 41,25,500 shares.
