PVR declines after block deals

Shares of PVR dipped 9% to Rs 775 on the National Stock Exchange (NSE) in early morning trades after huge block deals executed on the counter.

At 12:08 PM, the stock was down 6% at Rs 805 on the NSE. A combined 8.88 million equity shares representing 21.4% of total equity of PVR have changed hands on the counter so far as against an average sub two million shares that were traded daily in the past two weeks on the NSE and BSE.

The name of buyers and sellers are not immediately known.

The stock touched a record high of Rs 885 on Thursday, July 23 and has rallied 34% in July till yesterday compared with 2% rise in CNX Nifty.

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