Vakrangee rebounds from 52-week low, up 5% after block deals

The stock moved higher by 5% to 163, bouncing back 10% from its 52-week low of Rs 147 hit in early morning trade on the BSE

Vakrangee has moved higher by 5% to 163, bouncing back 10% from its 52-week low of Rs 147 hit in early morning trade on the BSE, after a huge block deal executed on the counter on Monday.

At 09:32 am; around 6.01 million equity shares of Vakrangee changed hands through block deal on the BSE, the exchange data shows. The names of the buyers and sellers were not ascertained immediately.

At 10:20 am; the stock was trading 4.5% higher at Rs 162 on back of two-fold jumped in trading volumes. On comparison, the S&P BSE Sensex was down