ITD Cementation India was locked in 10% upper circuit at Rs 460.50 at 15:10 IST on BSE after HDFC Mutual Fund bought 1.52% stake in the company on Wednesday, 19 November 2014.
Meanwhile, BSE Sensex was up 16.77 points or 0.06% to 28,049.62
On BSE, so far 13,865 shares were traded in the counter with pending buy orders of 18,178 shares at upper circuit. The scrip had an average daily volume of 10,741 shares in the past one quarter.
The stock hit a high of Rs 460.50 and a low of Rs 440.25 so far during the day. The stock had a 52-week high of Rs 500 on 5 November 2014 and a 52-week low of Rs 120.50 on 26 March 2014.
The stock had underperformed the market over the past one month till 19 November 2014, falling 5.37% compared with the Sensex's 7.37% rise. The scrip, however, outperformed the market in past one quarter, gaining 17.15% as against Sensex's 6.1% rise.
The small-cap construction company has an equity capital of Rs 15.52 crore. Face value per share is Rs 10.
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HDFC Mutual Fund bought 1.19 lakh shares or 0.76% stake in ITD Cementation India at Rs 419 per share in a bulk deal on BSE on Wednesday, 19 November 2014. HDFC Trustee Co under its HDFC Infrastructure Fund also bought 1.19 lakh shares or 0.76% stake in ITD Cementation India at Rs 419 per share in a bulk deal on NSE on Wednesday, 19 November 2014.
On a consolidated basis, ITD Cementation India reported net loss of Rs 21.95 crore in Q2 September 2014, higher than net loss of Rs 3.34 crore in Q2 September 2014. Net sales rose 7.6% to Rs 403.96 crore in Q2 September 2014 over Q2 September 2013.
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