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Sintex Inds gains on fund buying

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Capital Market
Last Updated : Jul 16 2015 | 12:01 AM IST

Sintex Industries rose 2.44% to Rs 102.95 at 9:25 IST on BSE after Morgan Stanley Asia (Singapore) Pte bought 24.05 lakh shares of the company at an average price of Rs 100.48 per share in a bulk deal on the NSE yesterday, 14 July 2015.

Meanwhile, the S&P BSE Sensex was up 128.80 points or 0.46% at 28,061.70.

On BSE, so far 2.19 lakh shares were traded in the counter as against average daily volume of 12.15 lakh shares in the past two weeks.

The stock hit a high of Rs 103.50 and a low of Rs 101.90 so far during the day. The stock had hit a 52-week high of Rs 136.40 on 13 March 2015. The stock had hit a 52-week low of Rs 66.60 on 13 August 2014.

Sintex Industries' consolidated net profit rose 12% to Rs 69.01 crore on 9.4% growth in net sales to Rs 1467.55 crore in Q1 June 2015 over Q1 June 2014.

Sintex Industries is a dominant player in the plastics and textile business segments.

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First Published: Jul 15 2015 | 9:16 AM IST

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