Shanthi Gears fell 5.29% to Rs 129 at 10:02 IST on BSE after Sundaram BNP Paribas Mutual Fund A/C Sundaram Growth Fund sold 5.04 lakh shares of the company at Rs 132.24 per share in a bulk deal on NSE yesterday, 31 December 2014.
Meanwhile, the S&P BSE Sensex was down 40.90 points or 0.15% at 27,458.52.
On BSE, so far 13,000 shares were traded in the counter as against average daily volume of 18,000 shares in the past two weeks.
The stock hit a high of Rs 132.55 and a low of Rs 128.15 so far during the day.
Shanthi Gears' net profit fell 66.3% to Rs 2.27 crore on 9.5% decline in net sales to Rs 36.77 crore in Q2 September 2014 over Q2 September 2013.
Shanthi Gears manufactures a wide range of products that include gears, gear boxes, geared motors and gear assemblies.
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