Ballarpur Industries surged 5.54% to Rs 17.15 at 15:15 IST on BSE after a bulk deal of 25.10 lakh shares was executed on the scrip at Rs 17.20 per share at 11:43 IST on BSE.
Meanwhile, the S&P BSE Sensex was down 57.27 points or 0.18% at 32,326.03. The S&P BSE Small-Cap index was up 55.75 points, or 0.35% at 16,071.22.
Bulk deal boosted volume on the scrip. On BSE, so far 39.93 lakh shares were traded on the counter as against average daily volume of 8.12 lakh shares in the past one quarter. The stock hit a high of Rs 17.60 and a low of Rs 16.30 so far during the day. The stock had hit a 52-week high of Rs 22.70 on 15 May 2017. The stock had hit a 52-week low of Rs 12.87 on 15 September 2016.
The stock had underperformed the market over the past one month till 27 July 2017, gaining 4.5% compared with 4.6% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 14.47% as against Sensex's 7.84% rise. The scrip had also underperformed the market in past one year, advancing 8.33% as against Sensex's 15.55% rise.
The small-cap company has an equity capital of Rs 131.10 crore. Face value per share is Rs 2.
Ballarpur Industries reported consolidated net loss of Rs 667.39 crore in Q4 March 2017, higher than net loss of Rs 182.11 crore in Q4 March 2016. Ballarpur Industries' net sales fell 67.1% to Rs 357.51 crore in Q4 March 2017 over Q4 March 2015.
The Ballarpur Group is the largest manufacturer of writing and printing paper in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
