MoneyWorks4Me

Sundaram MF sells 6 lakh shares of Elecon Engineering Company for Rs 1.85 crore

27 Mar 2014 Evaluate

Sundaram MF A/C Capex Growth Fund has sold 607,276 shares of Elecon Engineering Company through an open market transaction valuing the deal around Rs 1.85 crore. The asset management company has sold the shares at Rs 30.50 per share on National Stock Exchange (NSE) on March 26, 2014.

Elecon Engineering Company is a market leader in the domestic gears segment with around 25% market share in the domestic transmission equipment segment.

Peers
Company Name CMP
Bharat Heavy Elect. 427.50
Thermax 3234.60
Kirloskar Industries 3331.05
Skipper 521.10
INDO-MIM 1164.05
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