Investment and Precision Corp gains; huge block deal of 12.6 lakh shares seen in trade on Mon
Investment and Precision Corp has gone up 10%. A huge block deal of 12.6 lakh shares was seen in trade on Monday (which comprises of 25% equity). It is most likely an inter promoter transfer. Promoter holding in the company is at 50.65% while individual shareholding is at 36.5%. Only significant Instituional holding in the company is by LIC, which holds 5.65% stake.
Invest and Precision Corp touched an intra day high of Rs 121.05 and an intra day low of Rs 109 and at 15:18 PM, the share was quoting at Rs 121.05, up Rs 11, or 10%. There were pending buy orders of 14,019 shares, with no sellers available. It was trading with volumes of 1,542,227 shares, compared to its 5-day average of 180,959 shares, an increase of 752.25%.
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