Jul 27, 2012, 02.24 PM IST

Neelanchal Mercantile buy 35 lakh shares of Pipavav Defence

On July 26, 2012 Neelanchal Mercantile Pvt Ltd has bought 3,500,000 shares of Pipavav Defence and Offshore Engineering Company at Rs 62.41 on the NSE.

Source: Moneycontrol.com
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On July 26, 2012 Neelanchal Mercantile Pvt Ltd has bought 3,500,000 shares of Pipavav Defence and Offshore Engineering Company at Rs 62.41 on the NSE.


At 14:12 hrs the share was quoting at Rs 55.70, down Rs 6.45, or 10.38%. It was trading with volumes of 7,266,940 shares, compared to its 5-day average of 2,102,076 shares, an increase of 245.70%. It was trading with volumes of 7,266,940 shares, compared to its 30-day average of 1,270,851 shares, an increase of 471.82%. In the previous trading session, the share closed down 19.96% or Rs 15.50 at Rs 62.15.


The company touched its 52-week high Rs 92.60 and 52-week low Rs 50.65 on 13 Sep, 2011 and 21 Nov, 2011, respectively. Currently, it is trading -39.85% below its 52-week high and 9.97% above its 52-week low. Market capitalisation stands at Rs 3,849.98 crore.


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