TBZ shine dims a bit
By
Research Desk
about 11 years ago
Tribhovandas Bhimji Zaveri (TBZ) is literally pummeled to pulp today; the stock opened lower at Rs.247 and it is currently down 13% at Rs.217.80. Intra day low is at Rs.212.35.
The stock is down on reports that HSBC Global Investments Funds Mauritius has sold a total 1.27 million shares representing 1.91% of equity of the company for Rs 32 crore via bulk deals on BSE and NSE on Thursday. Identity of the buyer is not yet known. As at 31st Dec 2012, HSBC held 6.09% stake in the company.