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Ansal Properties gains after Merill lynch sells its 3.23% stake in co via open market transaction

10 Mar 2014 Evaluate

Ansal Properties & Infrastructure is currently trading at Rs. 19.15, up by 0.10 points or 0.52 % from its previous closing of Rs. 19.05 on the BSE.

The scrip opened at Rs. 18.80 and has touched a high and low of Rs. 19.70 and Rs. 18.80 respectively. So far 39733 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 28.00 on 11-Mar-2013 and a 52 week low of Rs. 12.20 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 19.65 and Rs. 17.40 respectively. The current market cap of the company is Rs. 302.22 crore.

The promoters holding in the company stood at 46.56% while Institutions and Non-Institutions held 20.55% and 32.90% respectively

Merrill Lynch has sold over 50 lakh equity shares or 3.23% stake in Ansal Properties and Infrastructure through open market for about Rs 9 crore. Following the stake sale, Merrill Lynch’s stake in Ansal has come down to 2.95% from 6.18%. As on December 2013, Merrill Lynch Capital Markets Espana had 6.62% stake in Ansal Properties.

Recently, Nomura Singapore has reportedly bought 49.90 lakh shares or 1.63% stake of Ansal Properties and Infrastructure through open market route.

Ansal Properties & Infrastructure’s business activities include property development for commercial, housing, retail, hospitality, IT SEZ, IT parks and industrial parks.

Peers
Company Name CMP
Lodha Developers 1167.00
Prestige EstatesProj 1484.00
Dilip Buildcon 413.50
DLF 677.80
Oberoi Realty 1859.10
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