Bilpower shrugs off news of pledged shares
Bilpower, after showing a knee jerk reaction to news that the promoters have pledged shares early Tuesday, recouped all losses to trade with a gain of 1.32%.
By ET Bureau |
MUMBAI: Bilpower, after showing a knee jerk reaction to news that the promoters have pledged shares early Tuesday, recouped all losses to trade with a gain of 1.32%.
At 12:50 pm, the scrip was trading at Rs 111.10. The stock touched as intraday high of Rs 115 and low of Rs 104 on the BSE.
Bilpower said in a circular to the BSE that 11,60,000 equity shares of the company have been pledged till now as securities against bank limit to the company and its subsidiary. The pledged shares work out to 11.05% of the paid up capital of the company.
Over 22,000 shares have exchanged hands on the BSE as against its two week average traded quantity of just 3,000 shares
At 12:50 pm, the scrip was trading at Rs 111.10. The stock touched as intraday high of Rs 115 and low of Rs 104 on the BSE.
Bilpower said in a circular to the BSE that 11,60,000 equity shares of the company have been pledged till now as securities against bank limit to the company and its subsidiary. The pledged shares work out to 11.05% of the paid up capital of the company.
Over 22,000 shares have exchanged hands on the BSE as against its two week average traded quantity of just 3,000 shares
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