Cohance Lifesciences Block Deal News: There was a special stir in the Indian stock market on Wednesday, 18 February regarding the shares of Cohens Lifesciences. After a big block deal, a rise of up to 5 percent has been seen in the company’s shares. About 70 lakh shares have been transacted in this deal.

Which is equal to about 1.82 percent of the total equity of the company. The total value of this block deal is said to be around Rs 216.3 crore. Let us know about this block deal and the performance of company shares in the stock market….

Deal worth Rs 216.3 crores

In this block deal, about 70 lakh shares worth Rs 216.3 crore have been transacted. However, despite this big transaction, the names of the buyer and seller have not been revealed. Nevertheless, after the news of the deal, there was a rise in the shares and this surge during trading has attracted the attention of investors.

Company’s performance in stock market

On Wednesday, a rise in company shares was seen on BSE. At the end of the day, the shares closed at Rs 324.10, up 5.33 percent or Rs 16.40. The intraday high of the day was Rs 341.95. Company shares started the day at Rs 315.55. 52 week high level is Rs 1328.20 and 52 week low level is Rs 303.50.

The market cap of the company is Rs 12,399 crore. If we talk about the performance of shares in the last 6 months, there is a decline of about 63 percent. At the same time, shares have fallen by about 19 percent in the last one month.

Strong hold of promoters in the company

If we look at the latest shareholding figures of the company, we can see the strong claim of the promoters. By the end of the December quarter, Barhyanda Limited held 57.49 percent stake. Whereas Juicemiral Holdings Limited held 33.34 percent shares. Mutual funds hold 17.36 percent stake and insurance companies hold 3.94 percent stake.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

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