Elder Pharma is locked in lower circuit of 10% at Rs 225, extending its past four-day fall on the National Stock Exchange (NSE), after institutional investors sold equity shares of pharmaceutical company in the open market.
The stock which is currently trading at its 52-week low, has tanked 40% in past four trading sessions after Ratnakar Bank and Darhsan Finvest Private Limited sold shares amounting of Rs 8.45 crore through bulk deals on NSE.
On Saturday, May 11, 2013 Darshan Finvest Private Limited sold 154,297 shares at Rs 257.62, while on Friday, May 10, 2013 Ratnakar Bank sold 140,000 shares at Rs 320 per share on NSE.
Meanwhile, the promoter has pledged at 80% of their holding as per latest shareholding data.
A combined 65,944 shares have changed hands on the counter and there are pending sell orders for 579,906 shares on NSE and BSE at 1000 hours.
The stock which is currently trading at its 52-week low, has tanked 40% in past four trading sessions after Ratnakar Bank and Darhsan Finvest Private Limited sold shares amounting of Rs 8.45 crore through bulk deals on NSE.
On Saturday, May 11, 2013 Darshan Finvest Private Limited sold 154,297 shares at Rs 257.62, while on Friday, May 10, 2013 Ratnakar Bank sold 140,000 shares at Rs 320 per share on NSE.
Meanwhile, the promoter has pledged at 80% of their holding as per latest shareholding data.
A combined 65,944 shares have changed hands on the counter and there are pending sell orders for 579,906 shares on NSE and BSE at 1000 hours.
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