Simplex Infrastructures rose 8.70% to Rs 299.20 at 9:51 IST on BSE after Reliance Mutual Fund acquired 2.02% stake in the company through bulk deal on NSE on Thursday, 13 November 2014.
Meanwhile, the BSE Sensex was up 52 points, or 0.19%, to 27,992.64.
On BSE, so far 29,000 shares were traded in the counter, compared with an average volume of 11,546 shares in the past one quarter.
The stock hit a high of Rs 304.60 and a low of Rs 285 so far during the day. The stock hit a 52-week high of Rs 392 on 3 July 2014. The stock hit a 52-week low of Rs 61 on 20 November 2013.
The stock had underperformed the market over the past one month till 13 November 2014, falling 0.18% compared with 5.90% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.42% as against Sensex's 7.80% rise.
The small-cap company has an equity capital of Rs 9.89 crore. Face value per share is Rs 2.
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On Thursday, 13 November 2014, Reliance Capital Mutual Fund A/C Rel Tax Saver (ELSS) Fund bought 10 lakh shares of Simplex Infrastructures at Rs 275 each on NSE.
Shares were acquired from BNP Paribas Arbitrage, which sold 4.22 lakh shares of Simplex Infrastructures at Rs 275 each on the NSE. The Master Trust Bank Of Japan HSBC Ind Equity Mother Fund also sold 3.06 lakh shares of Simplex at Rs 275 each.
Net profit of Simplex Infrastructures declined 0.55% to Rs 12.70 crore on 3.77% decline in net sales to Rs 1340.41 crore in Q1 June 2014 over Q1 June 2013.
Simplex Infrastructures is the largest pure play civil construction & engineering contractors in India.
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