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Dhampur Sugar Mills spurts after bulk deal

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Capital Market
Last Updated : Mar 18 2014 | 11:57 PM IST

Dhampur Sugar Mills jumped 7.13% to Rs 40.55 at 14:13 IST on BSE after 2.51% equity changed hands in a bulk deal on BSE today, 18 March 2014.

A bulk deal of 14.40 lakh shares was executed on the Dhampur Sugar Mills scrip at Rs 36 per share in opening trade on BSE today, 18 March 2014.

Meanwhile, the BSE Sensex was up 36.69 points, or 0.17% to 21,846.49

Bulk deal boosted volume on the Dhampur Sugar Mills scrip. On BSE, 15 lakh shares were traded in the counter as against average daily volume of 29,596 shares over past one quarter.

The stock hit a high of Rs 41.50 and a low of Rs 36 so far during the day. The stock had hit a 52-week high of Rs 52 on 5 April 2013. The stock had hit a 52-week low of Rs 27.70 on 20 August 2013.

The stock had outperformed the market over the past one month till 14 March 2014, rising 31.42% compared with the Sensex's 7.08% rise. The scrip had also outperformed the market in past one quarter, gaining 12.82% as against Sensex's 5.28% rise.

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The small-cap company has an equity capital of Rs 57.21 crore. Face value per share is Rs 10.

On a consolidated basis, Dhampur Sugar Mills reported net loss of Rs 74.72 crore in Q3 December 2013 as compared to net profit of Rs 5.33 crore in Q3 December 2012. Net sales rose 37.6% to Rs 434.46 crore in Q3 December 2013 over Q3 December 2012.

Dhampur Sugar Mills is an integrated sugarcane processing company in India.

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First Published: Mar 18 2014 | 2:16 PM IST

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