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    HomeNewsBusinessStocksMangalore Chemicals falls 10% post multiple block deals

    Mangalore Chemicals falls 10% post multiple block deals

    The sharp fall in Mangalore Chemicals and Fertilisers may be attributed to profit booking as the stock rallied 55.6 percent in previous seven consecutive sessions.

    July 03, 2013 / 18:53 IST
       
       
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      Moneycontrol Bureau


      Mangalore Chemicals and Fertilisers shares plunged 10 percent Wednesday on profit booking and multiple block deals.


      More than 89,77,565 equity shares (15 percent of total equity) changed hands via three block deals on the Bombay Stock Exchange in early trade today. The deals took place at an average price of Rs 60.87 a share.


      The fall may be attributed to profit booking as the stock rallied 55.6 percent in previous seven consecutive sessions.

      On Tuesday and Monday, Robust Marketing Services Private Limited bought 27 lakh shares via bulk deals.
       
      At 13:27 hours IST today, the stock was quoting at Rs 57.25, down 8.25 percent.

      first published: Jul 3, 2013 03:52 pm

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