Dalmia Bharat shed 2.4% at Rs 1,431.30 at 15:22 IST on BSE, with the stock sliding on profit taking after a recent sharp rally.
Meanwhile, the S&P BSE Sensex was down 152.45 points or 0.54% at 28,056.17
On BSE, so far 4,663 shares were traded in the counter, compared with an average daily volume of 12,783 shares in the past one quarter. The stock hit high of Rs 1,479.70 and low of Rs 1,423.10 so far during the trading session. The stock had hit record high of Rs 1.497.20 in intraday trade yesterday, 28 July 2016. The stock had hit 52-week low of Rs 600 on 24 August 2015. The stock had outperformed the market over the past one month till 28 July 2016, gaining 26.79%, compared with the Sensex's 6.35% gains. The scrip had also outperformed the market in past one quarter, surging 70.59% as against the Sensex's 10.18% rise.
The large-cap company has equity capital of Rs 17.76 crore. Face value per share is Rs 2.
The Dalmia Bharat stock witnessed a sharp surge recently. The stock jumped 19.74% in just eight trading sessions to settle at Rs 1,467.05 yesterday, 28 July 2016, from its close of Rs 1,225.10 on 18 July 2016.
Meanwhile, as per the bulk deals data on BSE yesterday, 28 July 2016, foreign fund Morgan Stanley Asia Singapore Pte offloaded 5.57 lakh shares of the company at Rs 1,400 per share. The name of the buyer was not available. The stock had risen 4.37% to settle at Rs 1467.05 yesterday, 28 July 2016, when the bulk deal was executed.
Dalmia Bharat is the flagship company of the Dalmia Bharat Group. It is a pioneering and a leading player in the cement manufacturing space.
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