Moser Baer tumbles 8%

The company plans to raising funds up to $125 million via issue of various securities.The stock has hit a high at Rs. 11.93 and low at Rs. 10.40 on BSE today.

Jun 03, 2015 04:06 IST India Infoline News Service

Moser Baer jumped to a high of Rs. 11.93 on plans of raising funds up to $ 125 million via issue of various securities. The stock finally ended with a huge loss of 8 percent at Rs. 10.64.

The stock has hit a high at Rs. 11.93 and low at Rs. 10.40 on BSE today. The total traded quantity is 4.69 and two-week average quantity is 1.95 lakh.

On Wednesday, the BSE benchmark index opened 42-odd points higher at 27,230, and touched a high of 27,276 in opening deals. The BSE index soon thereafter dipped into red on the back of follow-up selling pressure following yesterday's massive 660-point fall.

The selling accentuated in late morning deals, as a result of which the index crashed below the 27,000-mark to a low of 26,698 - down 578 points from the day's high and finally ended with a loss of 351 points at 26,837. In the process, the BSE index has now shed 1,012 points in the last two trading sessions.

The NSE Nifty dipped below the 8,100-level to a low of 8,094, and eventually finished with a deep cut of 101 points at 8,135.

The India VIX (Volatility) index surged by 4 percent to 17.505.

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