 "Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala")
Shares of Ion Exchange snapped four-day winning run and slipped 4 per cent in intra-day trade on Wednesday after the bulk deal data available on BSE showed that ace investor Rakesh Radheyshyam Jhunjhunwala and his firm Rare Investments offloaded stake worth Rs 65 crore in the company on Tuesday.
As per bulk deal data on BSE, Jhunjhunwala sold a little over 1.5 lakh shares at Rs 1,205.19 apiece, valuing the deal at Rs 18.17 crore. Rare Investments offloaded 3.87 lakh scrips at a price of Rs 1,205.42 apiece, taking the total deal value to Rs 46.73 crore.
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