HEG down after LIC sells

HEG Ltd has been on the southward journey for the past six days; it has fallen 5.5% during this time and today, it went down 2% to hit an intraday low at Rs.1065.50.

The stock is down after LIC stated in a press note yesterday that it has reduced its stake in the company to 6.85% from 8.90%.

LIC did this selling through the open market.

Also the company announced yesterday that the trading window for the purpose of trading in the securities of the Company by insider and their immediate relatives shall remain closed from Wednesday, 1st January, 2020 and will end 48 hours after announcement of financial results for the quarter and nine months ending 31st December, 2019.

The date of the Board Meeting in which results would be considered shall be intimated in due course