Business Standard

Friday, December 20, 2024 | 05:02 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Reliance Defence gains after huge block deal

The stock rallied 7% to Rs 56.80 on the BSE in intra-day trade

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai
Reliance Defence and Engineering has rallied 7% to Rs 56.80 on the BSE in intra-day trade after nearly 2% of total equity of the company changed hands via block deal.

At 09:35 am; around 12.35 million equity shares representing 1.68% of total equity of Reliance Defence have changed hands on the BSE, the exchange data shows.

The name of the buyers and sellers were not ascertained immediately.

At 10:19 am; the stock was up 4% at Rs 55.15 on the BSE as compared to 0.34% decline in the S&P BSE Sensex. A combined 14.36 million shares changed hands on the counter on the BSE and NSE so far.
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 23 2016 | 10:21 AM IST

Explore News