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Vipul hits the roof after large bulk deal

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Capital Market
Last Updated : Sep 05 2014 | 5:00 PM IST

Vipul was locked at 5% upper circuit at Rs 20.25 at 15:18 IST on BSE after 14.95% equity changed hands in a bulk on BSE today, 5 September 2014.

A bulk deal of 1.79 crore shares was executed on Vipul counter at Rs 18.50 per share in opening trade on BSE today, 5 September 2014.

Meanwhile, the BSE Sensex was down 86.60 points, or 0.32% to 26,999.33

Bulk deal boosted volume on the Vipul scrip. On BSE, 1.79 crore shares were traded in the counter with pending buy orders of 3.36 lakh shares at upper circuit. The stock has an average daily volume of 31,973 shares in the past one quarter.

The stock hit a high of Rs 20.25 and a low of Rs 18.50 so far during the day. The stock had hit a 52-week high of Rs 25.76 on 25 July 2014 and a 52-week low of Rs 4.50 on 26 March 2014.

The stock had underperformed the market over the past one month till 4 September 2014, falling 11.87% compared with 5.3% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, surging 113.73% as against Sensex's 9.19% rise.

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The small-cap realty firm has equity capital is Rs 12 crore. Face value per share is Rs 1.

Vipul reported 50% surge in net profit to Rs 0.54 crore on 35.9% rise in net sales to Rs 74.41 crore in Q1 June 2014 over Q1 June 2013.

Vipul is engaged in real estate development.

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First Published: Sep 05 2014 | 3:26 PM IST

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