Sundaram Finance rose 0.51% to Rs 625 at 11:49 IST on BSE after a block deal of 1.6 lakh shares was executed in the counter on BSE at Rs 625 per share at 11:05 IST.
The block deal constitutes 0.14% of Sundaram Finance's equity.
Meanwhile, the S&P BSE Sensex was up 118.01 points or 0.56% at 21,192.60.
On BSE, so far 1.60 lakh shares were traded in the counter as against average daily volume of 3,852 shares in the past one quarter.
The stock was volatile. The stock rose almost 1% at the day's high of Rs 628 so far during the day. The stock lost as much as 0.24% at the day's low of Rs 620.30 so far during the day. The stock had hit a record high of Rs 629.95 on Thursday, 26 December 2013. The stock had hit a 52-week low of Rs 456.80 on 25 January 2013.
The stock had outperformed the market over the past one month till 26 December 2013, advancing 7.59% compared with the Sensex's 3.18% rise. The scrip had also outperformed the market in past one quarter, surging 24.24% as against Sensex's 5.94% rise.
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The mid-cap company has equity capital of Rs 111.10 crore. Face value per share is Rs 10.
Sundaram Finance's net profit rose 10.1% to Rs 122.72 crore on 12.3% growth in total income to Rs 599.29 crore in Q2 September 2013 over Q2 September 2012.
Sundaram Finance's activities span savings products like deposits and mutual funds, car and commercial vehicle finance, insurance, home loans, software solutions, business process outsourcing, tyre finance, fleet cards, tractor finance and mutual funds R&T.
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