Essar Ports jumped 7.08% to Rs 119.45 at 11:29 IST on BSE after 1.32% equity changed hands in a bulk deal on BSE today, 22 January 2015.
A bulk deal of 56.60 lakh shares was executed on the Essar Ports counter at an average price of Rs 113.05 per share at 09:35 IST on BSE today, 22 January 2015.
Meanwhile, the BSE Sensex was up 125.44 points, or 0.43%, to 29,014.30
Bulk deal boosted volume on the Essar Ports scrip. On BSE, so far 58.35 lakh shares were traded in the counter, compared with an average volume of 45,676 shares in the past one quarter.
The stock hit a 52-week high of Rs 133.85 in intraday trade today, 22 January 2015. The stock hit a low of Rs 111.70 so far during the day. The stock hit a 52-week low of Rs 48 on 25 March 2014.
The stock had outperformed the market over the past one month till 21 January 2015, advancing 7.78% compared with the Sensex's 5.54% rise. The scrip had also outperformed the market in past one quarter, rising 9.1% as against Sensex's 8.7% rise.
The mid-cap company has an equity capital of Rs 427.89 crore. Face value per share is Rs 10.
Essar Ports' consolidated net profit fell 1.4% to Rs 96.10 crore on 41.8% fall in net sales to Rs 398.78 crore in Q2 September 2014 over Q2 September 2013.
Essar Ports develops, owns and operates ports and terminals, and is India's second-largest private sector port and terminal company by capacity and throughput.
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