Wednesday 20 August 2014

Dalmia Bharat gains despite Route One Fund selling 10 lakh shares of company

     Dalmia Bharat is a cement manufacture with plants in Tamil Nadu and Andhra Pradsesh with a capacity of nine million tonnes per annum. The company is engaged in the business of cement, thermal power & other business.
     Route One Fund ILP has sold 10 lakh shares of Dalmia Bharat throuth the open market route. The shares were sold on an average price of Rs 455.25 valuing the transaction to Rs 45.52 crore.
     The promoters holding in the company stood at 62.80%  while Institutions and Non-Institutions held 14.28%  and 22.92% respectively.
     The BSE group'B' stock of face vlue Rs 2 has touched a 52 week high of Rs 509.30 on 11-Jun-2014 and a 52 week low of Rs 102.95 on 4-Sep-2013.
     Current price of stock is Rs 468.25, up by 7.55 points from its previous closing of Rs 460.70 on the BSE.

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