Don’t miss the latest developments in business and finance.

Simplex Infrastructure drops after bulk selling from foreign fund

Image
Capital Market
Last Updated : Nov 25 2014 | 3:00 PM IST

Simplex Infrastructure lost 2.81% to Rs 372.45 at 13:54 IST on BSE after GE Equity International Mauritus sold 4.24 lakh shares of the company in a bulk deal on BSE at Rs 351.57 per share on Monday, 24 November 2014.

Meanwhile, the S&P BSE Sensex was down 153.88 points or 0.54% at 28,345.66.

On BSE, so far 52,000 shares were traded in the counter as against average daily volume of 28,067 shares in the past one quarter.

The stock hit a high of Rs 394.25 and a low of Rs 370 so far during the day. The stock had hit a 52-week high of Rs 398.95 on Monday, 24 November 2014. The stock had hit a 52-week low of Rs 76.50 on 25 November 2013.

The stock had outperformed the market over the past one month till 24 November 2014, advancing 50.93% compared with Sensex's 6.14% rise. The scrip had also outperformed the market in past one quarter, surging 28.03% as against Sensex's 7.87% rise.

The small-cap company has equity capital of Rs 9.89 crore. Face value per share is Rs 2.

More From This Section

Meanwhile, Reliance Tax Saver ELSS Fund bought 4.23 lakh shares of the company at Rs 351.57 per share.

Simplex Infrastructures' net profit rose 13% to Rs 12.74 crore on 2.6% decline in net sales to Rs 1248.29 crore in Q2 September 2014 over Q2 September 2013.

Simplex Infrastructures is the largest pure play civil construction & engineering contractors in India.

Powered by Capital Market - Live News

Also Read

First Published: Nov 25 2014 | 1:50 PM IST

Next Story