Wednesday, January 5, 2011

Hindustan Copper dips on FPO price news


The shares of Hindustan Copper Ltd. dipped more than 10% on Wednesday, January 05, 2011 on the back of news about the price for its upcoming Follow-on Public Offer. The news going around was that the FPO is likely to be priced at Rs.120/- to Rs.140/- per share, which was at a significant discount on the current market price

Hindustan Copper opened at Rs.337.70 on the BSE and touched an Intra-day low of Rs.301.15, before recovering from those levels and closing at Rs.320.15, down nearly 4.76% over its previous close
at Wednesday, January 05, 2011
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