Indigo Paints Shares Plunge Almost 11% After Large Trade

Shares of Indigo Paints Ltd. tanked almost 11% during intraday trade after a large trade.

Indigo Paints saw 11.8 lakh shares, or 2.5% of equity, change hands in large trade, according to Bloomberg data.

The stock is currently trading 6% lower. The total traded volume is 124.4 times its 30-day average.

Of the eight analysts tracking the company, three maintain a 'buy', one suggests a 'hold' and four recommend a 'sell', according to Bloomberg data. The average of the 12-month consensus price target implies an upside of 19.9%