You are here: Home » Markets » News
Business Standard

Helios & Matheson hits 52-week low on stake sale by Axis Bank

In past one month, the stock tanked 58% to Rs 27.60 from Rs 66 on April 13, compared with 7.4% fall in the CNX Nifty.

SI Reporter  |  Mumbai 

Helios and Matheson Information Technology is locked at the lower circuit of 5% at Rs 27.60, also its 52-week low on the NSE, after the private sector lender Axis Bank sold nearly 200,000 shares of the company through the open market.

On Monday, May 11, 2015, Axis Bank sold 184,500 equity shares of Helios and Matheson Information Technology at a price of Rs 29.11 per share, the NSE bulk deal data shows.

Till 1135 hours, a combined 128,100 shares changed hands and there were pending sell orders for 161,514 shares on the NSE and BSE.

Meanwhile, in the past one month, shares of IT consulting & software firm tanked 58% from Rs 66 on April 13, 2015 compared with 7.4% fall in the CNX Nifty.

As of March 2015, the promoters of Helios and Matheson Information Technology had pledged nearly 45% of their shares.

RECOMMENDED FOR YOU