The ING Vysya Bank stock registered a new peak in early Monday after the Reserve Bank approved the increasing of foreign institutional investment limit in the company. The limit has been increased to 30 per cent from 24 per cent.
The stock was trading at Rs 567, a gain of 2 per cent, over the previous day's close. Around 945 a.m. the stock recorded its all-time high of Rs 574 on the BSE.
The stock has been one of the star performers in 2012. It almost doubled in the previous year, and continuing the bull run in 2013 as well.
FIIs holding increased marginally to 25.57 per cent at the end of December from 25.01 per cent as of September. However, promoters and domestic institutions have decreased their stake marginally to 42.87 per cent (43.4 per cent) and 12.98 per cent (13.44 per cent) respectively.