Scoda Tubes block deal: Morgan Stanley sell shares worth Rs 7.6 crore in this smallcap stock
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Morgan Stanley on Friday sold 4.2 lakh shares worth Rs 7.6 crore in smallcap counter Scoda Tubes via a block deal. The shares were sold by its subsidiary Morgan Stanley Asia Singapore Pte at a price of Rs 181.42 a piece which was at a discount of 2.5% from the Thursday closing price of Rs 186.11. The stock today ended the session at Rs 179.50 on the NSE, down by Rs 6.61 or 3.55% as bears ruled the D-Street after Israel launched attacks against military and nuclear sites in Iran, which left key military commanders and nuclear scientists dead while stoking fears of a full-blown war in the region. Scoda Tubes has business interests in stainless steel pipes and tubes manufacturing. The company offers seamless & welded stainless steel solutions for a global market. Scoda Tubes shares have outperformed Nifty, delivering returns of 28% over a 1-year period versus Nifty's returns of 6% in the same period. Over the last one month, the stoc...