IVRCL drops after Essel Group pares stake in firm

IVRCL dropped on Friday after Essel Group pared its stake in the company with sale of shares worth nearly Rs 680 million, around six months after it had expressed interest in raising its holding in the infrastructure firm. Shares ofthe companyare trading at Rs 45.95, down Rs 1.75, or 3.67% at the Bombay Stock Exchange (BSE) on Friday at 9:46 a.m.The scrip has touched an intra-day high of Rs 47 and low of Rs 43.35. The total volume of shares traded at the BSE is 1,911,495.In the earlier session, the shares declined 6.1%, or Rs 3.1, at Rs 47.70. Currently, the stock is trading down 38.9% from its 52-week high of Rs 75.20 and above 69.56% over the 52-week low of Rs 27.10.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 46.45 1.25 2.69 1 Month 39.35 8.35 21.22 3 Months 53.00 (5.30) (10.00) 6 Months 71.20 (23.50) (33.01) 1 Year 34.80 12.90 37.07 Note: Based on previous day closing price.