Promoter group entity acquires 1,55,255 shares of Elecon Engineering Co. Ltd.

Bipra Investments & Trusts Private Limited, promoter group of Elecon Engineering Co. Ltd. has purchased 1,55,255 equity shares of the company through market purchased during the period August 20, 2019 to August 22, 2019. The shares were bought for a total consideration of Rs. 44,68,000.

The promoter group entity bought 35,144 shares on August 20, 2019, 32,810 shares on August 21, 2019 and 87,301 shares on August 22, 2019.

With this purchase, the promoter group stake in the company has increased from 67,16,694 equity shares or 5.99% to 68,71,949 equity shares or 6.12%.

Shares of ELECON ENGINEERING CO.LTD. was last trading in BSE at Rs.27.95 as compared to the previous close of Rs. 28.05. The total number of shares traded during the day was 87862 in over 225 trades.

The stock hit an intraday high of Rs. 28.35 and intraday low of 27.95. The net turnover during the day was Rs. 2462964.

Source : Equity Bulls

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