Thursday, 10 March 2016

Infosys falls 2% after multiple block deal

Around 78 lakh shares were traded in a multiple block at Rs. 1150.75 on the BSE and NSE. 

Infosys slipped 2% to Rs.1156 on BSE. Around 78 lakh shares were traded in a multiple block at Rs. 1150.75 on the BSE and NSE. The stock is top losers on NSE. Infosys shareholders to offer 7.5m shares at Rs. 1,149.0-1,178.5 each in a block deal. Selling Shareholders include names like S Gopalakrishnan (5mm shares), S D Shibulal (1mm shares), Kumari Shibulal (1mm shares), and Shruti Shibulal (0.5mm shares).

The scrip opened at Rs. 1164 and has touched a high and low of Rs. 1164.1 and Rs. 1147.5 respectively. So far 10583030(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 270694.93 crore.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1219 on 12-Oct-2015 and a 52 week low of Rs. 932.55 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1192.9 and Rs. 1144 respectively.

The promoters holding in the company stood at 13.07 % while Institutions and Non-Institutions held 57.18 % and 12.48 % respectively.

The stock is currently trading below its 50 DMA.  

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