SITI Networks hits over four-year low; stock falls 14%

SITI Networks hit an over 4-yr low of Rs 15.70, down 14% at the BSE in intra-day alternate, on back of heavy volumes.

The inventory is trading at its lowest level when you consider that September 2013.
In beyond six buying and selling periods, the market value of Essel institution employer declined 19% after the HDFC Asset management corporation A/c HDFC Mutual Fund sold more than 2% stake or 5.86 million equity shares of the company thru open marketplace.

On February 28, 2018, the combination protecting of the Schemes of HDFC Mutual Fund in the enterprise has decreased by 2.01% to a few.ninety eight% after offloading stake in open marketplace.

HDFC TaxSaver and HDFC fairness Fund had a combined five.99% stake before the sale, SITI Networks stated in a regulatory filing.

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