Hi-Tech Gears jumped 11.53% to Rs 314.30 at 11:45 IST on BSE, after a high networth individual investor bought shares in a bulk deal executed yesterday, 7 December 2015 on the scrip on BSE.
Meanwhile, the BSE Sensex was down 106.17 points, or 0.42%, to 25,423.94
On BSE, so far 1.66 lakh shares were traded in the counter compared with the average daily volume of 10,466 shares in the past one quarter.
The stock hit a high of Rs 324 and a low of Rs 292.30 so far during the day. The stock had hit a record high of Rs 378 on 19 February 2015. The stock hit a 52-week low of Rs 219 on 17 December 2014.
The stock had outperformed the market over the past one month till 7 December 2015, rising 4.06% compared with 2.80% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.29% as against Sensex's 2.56% rise.
The small-cap auto ancillary firm has an equity capital of Rs 18.77 crore. Face value per share is Rs 10.
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High networth individual (HNI) investor Nemish Shantilal Shah bought 3.74 lakh shares of Hi-Tech Gears at an average price of Rs 265 per share in a bulk deal executed yesterday, 7 December 2015 on BSE. The stock had surged 7.15% to settle at Rs 281.80 yesterday, 7 December 2015.
Hi-Tech Gears' net profit jumped 74.5% to Rs 5.41 crore on 1.5% rise in net sales to Rs 108.71 crore in Q2 September 2015 over Q2 September 2014.
Hi-Tech Gears is an auto component manufacturer (a tier 1 supplier).
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