L G Balakrishnan & Bros spurted 11.27% to Rs 315 at 15:16 IST on BSE after Reliance Mutual Fund bought 4 lakh shares, or 5.09% equity, of the company at Rs 281 each through bulk deal on BSE on Wednesday, 5 February 2014.
Meanwhile, the BSE Sensex was down 52.96 points, or 0.26%, to 20,313.99.
On BSE, so far 35,000 shares were traded in the counter, compared with an average volume of 3,127 shares in the past one quarter.
The stock hit a high of Rs 325.50 so far during the day, which is also 52-week high for the counter. The stock hit a low of Rs 291 so far during the day. The stock hit a 52-week low of Rs 152.10 on 5 August 2013.
The stock had outperformed the market over the past one month till 5 February 2014, rising 7.64% compared with the Sensex's 2.83% fall. The scrip had outperformed the market in past one quarter, rising 22.82% as against Sensex's 3.40% decline.
The small-cap company has an equity capital of Rs 7.85 crore. Face value per share is Rs 10.
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Reliance Mutual Fund bought the shares from The International Finance Corporation, which sold 4.05 lakh shares of L G Balakrishnan & Bros at Rs 281.01 on BSE.
Net profit of L G Balakrishnan & Bros rose 101.78% to Rs 17.01 crore on 4.26% rise in net sales to Rs 240.61 crore in Q3 December 2013 over Q3 December 2012.
L G Balakrishnan & Bro manufactures automotive chains under the popular brand name 'Rolon'. The company has 17 chain manufacturing plants.
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