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Sterling Holiday Resorts gains after twin bulk deals

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Capital Market
Last Updated : Sep 24 2013 | 11:55 PM IST

Sterling Holiday Resorts (India) rose 1.71% to Rs 65.25 at 13:51 IST on BSE, after 0.3% equity stake changed hands in two bulk deals today, 24 September 2013.

A bulk deal of 1.02 lakh shares was struck on the Sterling Holiday Resorts (India) counter at Rs 65.90 per share in opening trade on BSE today, 24 September 2013. Another bulk deal of 1.02 lakh shares was executed on the scrip at Rs 70 per share in opening trade on BSE today, 24 September 2013. The bulk deals saw 0.3% equity stake of the company changing hands.

Meanwhile, the S&P BSE Sensex was up 31.48 points or 0.16% at 19,932.44

On BSE, 2.38 lakh shares were traded in the counter as against average daily volume of 1.18 lakh shares in the past one quarter.

The stock hit a high of Rs 70 and a low of Rs 65 so far during the day. The stock had hit a 52-week low of Rs 51.85 on 5 August 2013. The stock had hit a 52-week high of Rs 115.70 on 11 January 2013.

The stock had outperformed the market over the past one month till 23 September 2013, rising 14.76% compared with the Sensex's 7.46% rise. The scrip had, however, underperformed the market in past one quarter, falling 1.91% as against Sensex's 6% rise.

The small-cap company has equity capital of Rs 68.22 crore. Face value per share is Rs 10.

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Sterling Holiday Resorts (India) reported consolidated net profit of Rs 0.62 crore in Q1 June 2013 as compared to net loss of Rs 0.90 crore in Q1 June 2012. Net sales rose 19.8% to Rs 35.53 crore in Q1 June 2013 over Q1 June 2012.

Sterling Holiday Resorts (India) is engaged in the business of vacation ownership and is a leading leisure hospitality company in India. The company has a network of leisure resorts at some of the best holiday destinations in India.

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First Published: Sep 24 2013 | 2:11 PM IST

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