India’s NCC Ltd share price gains after Van Eck buys stake

Mid-cap construction company NCC Ltd share price gains 3.9 pct...

Written by Reuters

Mumbai

December 22, 2014 14:55 IST

Mid-cap construction company NCC Ltd share price gains 3.9 pct

Van Eck VIP Emerging Markets Fund bought 3.8 mln shares, or 0.68 pct stake, in NCC in a block deal on Friday- NSE.

The deal happened at an avg price of 82.90 rupees a share.

Van Eck VIP has 13.73 pct of its portfolio in India, highest after 20.22 pct in China – Thomson Reuters StreetSight.

The U.S.-based fund also holds Tech Mahindra, Glenmark Pharmaceuticals among other stocks – StreetSight data shows.

Van Eck bought shares of Marksans Pharma in a block deal as well on Friday, stock up 0.6 pct.

This article was first uploaded on December twenty-two, twenty fourteen, at fifty-five minutes past two in the afternoon.