The shares were sold via Goldman Sachs Funds – Goldman Sachs India Equity Portfolio at a price of Rs 915.49 per share.
Isgec Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past 90 years.
The sell-off comes on the back of a lackluster performance by the stock in 2025 so far, with the share price eroding by 35% on year-to-date basis. In the last one year, the returns have been just over 5%.
While Isgec Heavy Engineering shares have outperformed Nifty on a 1-year basis with latter’s returns standing at 3% in the said period, it had lagged the heartbeat index on the YTD basis falling more than the Nifty’s decline of 3.5%.
On Thursday, the shares of Isgec Heavy Engineering closed at Rs 934.65 on the BSE, falling by Rs 15.05 or 1.6% over the Wednesday closing price. The current downturn has engineered a fall in the counter below its 50-day simple moving average (SMA) and 200-day SMA of Rs 1,253 and Rs 1,309, respectively.The stock has exhibited high volatility with a 1-year beta of 1.9 according to data sourced from Trendlyne.The stock is also trading in an oversold zone with Thursday’s RSI and MFI of 27 and 8, respectively. A number below 30 is considered to be oversold while a number above 70 is seen to be overbought.
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The company reported a consolidated revenue of Rs 1,501 crore in the December ended quarter versus Rs 1,498 crore in the year ago period. The company reported a significant climbdown in its December quarter net profit at Rs 20 crore versus Rs 62 crore in the corresponding quarter of the last financial year.
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