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EIH slips after large bulk deal

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Capital Market

EIH fell 2.11% at Rs 113.40 at 15:11 IST on BSE after 0.28% equity changed hands in a bulk deal on BSE today, 23 January 2015.

A bulk deal of 16.07 lakh shares was executed on the EIH scrip at Rs 120.60 per share at 11:50 IST on BSE today, 23 January 2015.

Meanwhile, the BSE Sensex was up 304.87 points, or 1.05%, to 29,313.16

Bulk deal boosted volume on the EIH counter. On BSE, so far 22.72 lakh shares were traded in the counter as against an average daily volume of 44,038 shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 121.95 and low of Rs 110.25 so far during the day. The stock had hit a 52-week high of Rs 130.80 on 3 December 2014. The stock had hit a 52-week low of Rs 53.50 on 30 January 2014.

 

The stock had underperformed the market over the past one month till 22 January 2015, falling 1.28% compared with the Sensex's 4.71% rise. The scrip, however, outperformed the market in past one quarter, gaining 15.97% as against Sensex's 8.28% rise.

The mid-cap company has an equity capital of Rs 114.31 crore. Face value per share is Rs 2.

EIH reported net loss of Rs 1.31 crore in Q2 September 2014 as compared to net profit of Rs 7.03 crore in Q2 September 2013. Total income rose 1.4% to Rs 295.73 crore in Q2 September 2014 over Q2 December 2013.

EIH, under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands. The group is also engaged in flight catering, airport restaurants, travel and tour services, car rentals, project management and corporate air charters.

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First Published: Jan 23 2015 | 3:19 PM IST

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