 "Eicher Motors rebounds after block deal")
Shares of Eicher Motors were trading higher by 2% at Rs 16,226, bouncing back 7.4% from its intra-day low touched in early morning trade after a huge block deal executed on the counter on BSE. The stock opened at Rs 15,301 and touched a low of Rs 15,111 on BSE.
At 0915 hours, around 1.27 million shares representing 4.69% of total equity of Eicher Motors changed hands at price between Rs 15,401 and Rs 15,111, the BSE data shows.
The name of buyers and sellers are not ascertained immediately.
According to media reports, Aktiebolaget Volvo, which holds 2.28 million or 8.4% stake in Eicher Motors, is selling part of its stake in the company through the secondary market. CLICK HERE TO READ FULL REPORT.
At 0915 hours, around 1.27 million shares representing 4.69% of total equity of Eicher Motors changed hands at price between Rs 15,401 and Rs 15,111, the BSE data shows.
The name of buyers and sellers are not ascertained immediately.
According to media reports, Aktiebolaget Volvo, which holds 2.28 million or 8.4% stake in Eicher Motors, is selling part of its stake in the company through the secondary market. CLICK HERE TO READ FULL REPORT.