Era Infra Engineering locked at 5% lower circuit

IFCI sold 14.25 lakh shares of Era Infra at Rs 6.61 per share in a bulk deal on NSE yesterday

Era Infra Engineering was locked at 5% lower circuit at Rs 6.25 on BSE after IFCI sold 14.25 lakh shares of the company at Rs 6.61 per share in a bulk deal on NSE yesterday.

Around 7 lakh shares were traded on the BSE. The stock opened at Rs 6.25 and hit a high of Rs 6.44 so far during the day.

The stock had underperformed the market over the past one month till 26 November 2014, sliding 45% compared with the Sensex's 5.72% rise.

Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports.