Syngene share price has dipped 5.6 per cent to Rs 571 on the NSE after a more than 1 per cent stake of the pharmaceutical company changed hands via block deal.
The BSE data shows that at 09:15 am; approximately 3.07 million shares representing 1.53 per cent of total equity of Syngene International have changed hands on the counter. The name of the buyers and sellers were not ascertained immediately.
At 1:11 PM, Syngene share price was trading at Rs. 575.30, down by 4.86 per cent as compared to the 1 per cent decline in the benchmark Index Nifty. So far around four lakh shares have changed hands on the copunter as compared to its twenty day average of one lakh twenty thousand shares.
As of September 30, 2016, Silver Leaf Oak (Mauritius) held 9.63% stake, while Canara HSBC Oriental Bank of Commerce Life Insurance Company held 1% stake in Syngene International, the shareholding pattern data shows. Also, Mutual Funds have declined its holding from 1.25 per cent in the June quarter to 0.97 per cent in the September quarter this year. However, Foreign Portfolio Investors, i.e. FPI have increased their stakes from 4.52 in the June quarter to 6.02 in the September quarter of this financial year.
On Thursday, December 1, 2016, Syngene share price hit a new lifetime high of Rs 616 on the NSE in intra-day trade. In past three months, it had outperformed the market by surging 21 per cent as compared to 8 per cent decline in the benchmark Index Nifty.
As on 2nd December 2016, Syngene has the market cap of rs.12094 crores. The stock has the book value of Rs. 52.68 and yields a monthly return of 4.24 per cent. Syngene is the Mutibagger stock recommended by Dynamic Levels. For the details on the stock, visit Syngene share price historypage of Dynamic Levels website.
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