Wendt India share slips 8% in early trade, here's why
Wendt India share has lost 9.96% in the last 2 days and 3% in a month. Shares of the company with Rs 10 face value has risen over 8% in one year
BusinessToday.In | December 22, 2020 | Updated 16:21 IST
Wendt India stock is trading higher than 200-day moving averages but lower than 5, 20,50 and 100-day moving averages.
Wendt India shares were trading 8% lower on Tuesday morning after Carborundum Universal and Wendt GmBH, the promoters of the company, decided to withdraw the proposed offer for sale (OFS).
Wendt India stock opened with a loss of 6.68% today at Rs 2,925.90 and fell 8.4% to hit the day's low of Rs 2,871 during the session against the last close of Rs 3,135.20. The stock also hit an intraday high of Rs 3,057.10.