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Morgan Stanley cuts 3pct stake in Ess Dee Aluminum

Wednesday, Nov 30, 2011
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 IRIS reported that Morgan Stanley sold 2.58% in Ess Dee Aluminum at both the BSE and the NSE. Shares of the company plunged nearly 11%.

 
 
Morgan Stanley Investment Management Inc sold nearly 0.50 million shares of Ess Dee Aluminum at a price of INR 135.09 per share amounting to INR 67.94 million at the NSE. Meanwhile, Morgan Stanley Mutual Fund sold nearly 0.32 million shares of the company at a price of INR 135.10 per share amounting to INR 43.87 million at the BSE.
 
 
On the other hand, PAT Financial Consultants bought nearly 0.45 million shares of the company at INR 135.47 per share for INR 61.04 million and Fidelity Multitrade bought nearly 0.16 million shares of the company at INR 135 per share for INR 22.93 million. Shares of ESS DEE Aluminum are trading at INR 150.35 up INR 14.75 or 10.88% at the Bombay Stock Exchange.
 
 
The scrip has touched an intra day high of INR 154.00 and low of INR 139.00. The total volume of shares traded at the BSE is 14,652. Currently, the stock is trading down 70.97% from its 52 week high of INR 518.00 and above 18.76% over the 52 week low of INR 126.60.

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