The Byke Hospitality plunges by 8.71% after a huge block deal

Around 5.36 million, or 13.4% share of the company, changed hands on the exchanges

Dec 18, 2015 04:12 IST India Infoline News Service

The Byke Hospitality plunges by  8.71% to Rs. 149.8 after a huge block deal. Around 5.36 million, or 13.4% stake of the company, changed hands on the exchanges.

The scrip opened at Rs. 162 and touched a high and low of Rs. 162.4 and Rs. 148.4 respectively. A total of 6335174(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 658 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 180.3 on 29-Jul-2015 and a 52 week low of Rs. 147.5 on 18-Dec-2014. Last one week high and low of the scrip stood at Rs. 164.6 and Rs. 160.2 respectively.

The promoters holding in the company stood at 44.09 % while Institutions and Non-Institutions held 11.54 % and 44.37 % respectively.

The stock traded above its 200 DMA.

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