scorecardresearch
Clear all
Search

COMPANIES

No Data Found

NEWS

No Data Found
Sign in Subscribe
Power Mech stock rises over 7% after Bekem Infra Projects buys 1 lakh shares

Power Mech stock rises over 7% after Bekem Infra Projects buys 1 lakh shares

Power Mech Projects stock touched an intraday high of Rs 433.15, rising 7.68%

Power Mech Projects share stands higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages. Power Mech Projects share stands higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages.

Power Mech Projects share price rose over 7% intra day after Bekem Infra Projects acquired 1 lakh equity shares in the company. The shares were bought at Rs 395.22 per share, according to data available on BSE.

Subsequently, Power Mech Projects stock touched an intraday high of Rs 433.15, rising 7.68%.

The share stands higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages.

The stock gained 11.73% in the last 4 days .

However, in one year, the share has fallen 34.97% and declined 31.46% since the beginning of this year.

Later, the share closed 2.77% higher at Rs 413.40 on BSE.

Meanwhile, benchmark indices closed almost 1.5% lower each on Wednesday, tracking profit-booking in index majors and mixed cues from global markets. Reversing the trend from 3 days of consecutive gains, Sensex ended 694 points lower at 43,828 and Nifty fell 196 points to 12,858.

Investors lose Rs 2.2 lakh crore after Sensex falls 1,000 points from record high

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Nov 25, 2020, 6:12 PM IST
×
Advertisement