Godrej Ind dips 3% after block deal, trades lower for third straight day

Anamudi Real Estates LLP, one of the promoters of the company, had acquired 2.27 million equity shares of the company for Rs 94.73 crore via open market between November 14, and December 15, 2020

Shares of Godrej Industries dipped 3 per cent to Rs 434 on the BSE on Monday after one million of the company's equity shares changed hands via block deal. The stock was trading lower for the third straight day, down 8 per cent during the period. It hit a 52-week high of Rs 483 on Wednesday, December 16, 2020.

Godrej Industries is the flagship company of the Godrej Group and holds leadership position in its core business of oleochemicals in the domestic market.

At 10:41 am, around 1.001 million equity shares, representing 0.3 per cent equity of Godrej