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FDC soars 14% after huge block deals

About 4.85 million equity shares representing 2.73% of total equity of FDC changed hands in multiple block deals on BSE.

<a href="http://www.shutterstock.com/pic-49062454/stock-photo-buy-sell-hold-investing-dice-isolated-on-white.html" target="_blank">Image</a> via Shutterstock

SI Reporter Mumbai
FDC has surged 14% to Rs 156 in otherwise subdued market  after huge block deals executed on the counter on the Bombay Stock Exchange (BSE). The stock opened at Rs 137 and touched a record high of Rs 157.

Till 0953 hours, around 4.85 million equity shares representing 2.73% of total equity of the pharmaceutical firm have changed hands in multiple block deals between price of Rs 142 and Rs 149, the BSE data shows.

However, the identity of the buyers and sellers could not be yet ascertained.
 

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First Published: Aug 20 2014 | 10:05 AM IST

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