This small cap stock falls over 4% after Jhunjhunwala pares stake

Ion Exchange share fell over 4% today after ace investor Rakesh Jhunjhunwala pared his stake in the water and environment management firm. Stock of Ion Exchange touched an intraday low of Rs 1347, falling 4.01% against previous close of Rs 1,403.20 on BSE.
The mid cap stock opened with a loss of 2.01% at Rs 1,375 today. The share has fallen after 4 days of consecutive gain.
Ion Exchange share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The share has gained…

Click here to view the original article.