Greaves Cotton rose 4.15% to Rs 60.30 at 15:13 IST on BSE after 0.49% equity changed hands in a bulk deal today, 19 February 2014.
A bulk deal of 12.11 lakh shares was executed on Greaves Cotton counter at Rs 60.50 per share at 09:47 IST on BSE today, 19 February 2014.
Meanwhile, the S&P BSE Sensex was up 57.50 points or 0.28% at 20,691.71
Bulk deal boosted volume on the Greaves Cotton scrip. On BSE, so far 14.09 lakh shares were traded in the counter as against average daily volume of 1.18 lakh shares in the past one quarter.
The stock hit a high of Rs 61.30 and a low of Rs 59.50 so far during the day. The stock had hit a 52-week low of Rs 53 on 7 August 2013. The stock had hit a 52-week high of Rs 79.25 on 18 February 2013.
The stock had underperformed the market over the past one month till 18 February 2014, falling 10.58% compared with the Sensex's 2.04% fall. The scrip had also underperformed the market in past one quarter, sliding 5% as against Sensex's 1.04% decline.
The small-cap company has equity capital of Rs 48.84 crore. Face value per share is Rs 2.
Greaves Cotton's consolidated net profit rose 9.9% to Rs 37.75 crore on 17.8% fall in net sales to Rs 422.72 crore in Q3 December 2013 over Q3 December 2012.
Greaves Cotton, a multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/petrol engines, gensets and construction equipment.
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