The derivative contracts in the below mentioned security has crossed 95% of the market-wide position limit and are currently in the ban period.
Securities in Ban For Trade Date 20-February-2009Â
AKRUTI
EDUCOMP
Educomp which was in news for last week had weak trading today, and the stock future contract of Educomp was at Rs.400 discount during the trading hours.
The company which clarified to all rumors last week and had good short covering at the end of January contract expire.
The company share price in cash segment closed at Rs.1705.30 down by 5.37% and the February contract closed at Rs.1416 an discount of Rs.289.30
Market analyst feel there is something cooking in this stock and some big news may come out.
Open at 1920
Low at 1376.65
High of 1920
Close at 1526.85 dwon by Rs. 441.80 or 22.44%
Jan Future close at 1522.05 down by Rs. 302.15 or 16.56%
Educomp saw huge volatility in second day, the stock which opened at 1920 made low of 1376 before closing at 1526.85.
The share price crashed in mid trade on the news that there may be investigation ordered by Government via ROC.
The Jan future of the Edocomp closed at 1507.
Educomp share price has been trading with huge swing.
Educomp stock saw huge volatility in today’s trade on the news that company promoters sold 5% stake and showing higher fixed assets.
The company clarified that the promoter sold 5% in last 3years and not shown any higher fixed assets.
The share price which plunged to as low as 1915.20 on BSE and touched high of 2073 finally closed at 1969.
The Jan future contract of the Educomp is quoting at 1814. which is almost Rs.155 discount