Reliance Defence gains after huge block deal
Updated on 24 Dec 2016
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Reliance Defence and Engineering has rallied 7% to Rs 56.80 on the BSE in intra-day trade after nearly 2% of total equity of the company changed hands via block deal.
At 09:35 am; around 12.35 million equity shares representing 1.68% of total equity of Reliance Defence have changed hands on the BSE, the exchange data shows.
The name of the buyers and sellers were not ascertained immediately.
At 10:19 am; the stock was up 4% at Rs 55.15 on the BSE as compared to 0.34% decline in the S&P BSE Sensex. A combined 14.36 million shares changed hands on the counter on the BSE and NSE so far.