Infotech Enterprises surged 4.22% to Rs 286.30 at 10:41 IST on BSE after 0.36% equity changed hands in a bulk deal today, 4 December 2013.
Meanwhile, the BSE Sensex was down 36.38 points, or 0.17%, to 20,818.54
A bulk deal of 4 lakh shares was executed at Rs 275 per share at 09:30 IST on BSE today, 4 December 2013. The bulk deal constitutes 0.35% of Infotech Enterprises' equity.
On BSE, 4.07 lakh shares were traded in the counter compared with average volume of 12,839 shares in the past one quarter.
The stock hit a high of Rs 289.90 and a low of Rs 271.10 so far during the day. The stock hit a record high of Rs 290.35 on 25 November 2013. The stock hit a 52-week low of Rs 157 on 16 May 2013.
Infotech Enterprises had outperformed the market over the past one month till 3 December 2013, rising 9.25% compared with the Sensex's 1.81% fall. The scrip also outperformed the market in past one quarter, surging 48.37% as against Sensex's 14.37% rise.
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The company has equity capital of Rs 55.84 crore. Face value per share is Rs 5.
Infotech Enterprises' consolidated net profit rose 33.43% to Rs 72.47 crore on 10.96% increase in total income to Rs 557.21 crore in Q2 September 2013 over Q1 June 2013.
Infotech Enterprises provides engineering solutions, including product development and life-cycle support, process, network and content engineering to major organizations worldwide.
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