ECE Inds hits upper freeze on promoter buying

The stock is locked at the 20 per cent upper circuit at Rs. 135.

Mar 31, 2015 08:03 IST India Infoline News Service

ECE Industries has hit the 20 per cent upper circuit on news that its promoters has hike stake in the company.

According to a release issued by the company to the BSE, company's promoter Prakash Kumar Mohta acquired 316,842 equity shares around 4 per cent stake in the company via open market.

Post transaction, Prakash Kumar Mohta holding in ECE Industries now stands at 16.71 per cent from 12.61 per cent earlier.

The stock remains locked at the upper limit at Rs. 135. The counter has seen trades of around 15,000 shares, with pending buy orders for around 3,500-odd shares on the BSE.

Meanwhile, the Sensex has gained 169 points at 28,146.

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