Infotech Enterprises rose 1.83% to Rs 181.20 at 13:16 IST on BSE after two block deals aggregating 43.95 lakh shares were executed on BSE at 10:33 IST.
A block deal of 16.66 lakh shares was executed at Rs 180 per share. Another block deal of 27.29 lakh shares was executed at Rs 180.95 per share. The two block deals constitute 3.93% of Infotech Enterprises' equity.
Meanwhile, the S&P BSE Sensex was up 95.67 points or 0.47% at 20,245.52
On BSE, 44.13 lakh shares were traded in the counter as against average daily volume of 80,677 shares in the past one quarter.
The stock hit a high of Rs 185.75 and a low of Rs 176.05 so far during the day. The stock had hit a 52-week high of Rs 211 on 19 November 2012. The stock had hit a 52-week low of Rs 157 on 16 May 2013.
The stock had underperformed the market over the past one month till 19 July 2013, gaining 2.27% compared with the Sensex's 4.7% rise. The scrip had, however, outperformed the market in past one quarter, jumping 9.17% as against Sensex's 5.96% rise.
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The company has equity capital of Rs 55.82 crore. Face value per share is Rs 5.
Infotech Enterprises' consolidated net profit rose 0.18% to Rs 54.31 crore on 4.19% growth in net sales to Rs 483.93 crore in Q1 June 2013 over Q4 March 2013.
Infotech Enterprises is a global engineering services company. The company provides engineering services in aerospace, locomotives, marine, automobiles and other industrial products, network & content engineering solutions for telecommunications, utilities and government and software services.
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