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Era Infra Engineering was locked at 5% lower circuit at Rs 6.25 on BSE after IFCI sold 14.25 lakh shares of the company at Rs 6.61 per share in a bulk deal on NSE yesterday.
Around 7 lakh shares were traded on the BSE. The stock opened at Rs 6.25 and hit a high of Rs 6.44 so far during the day.
The stock had underperformed the market over the past one month till 26 November 2014, sliding 45% compared with the Sensex's 5.72% rise.
Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports.
