Hercules Hoists surged 14.1% at Rs 152.55 at 13:26 IST on BSE after a bulk deal of 12.89 lakh shares was executed on the scrip at Rs 144 per share in opening trade on BSE.
Meanwhile, the S&P BSE Sensex was up 119 points or 0.38% at 31,377.85. The BSE Small-Cap index was down 21.23 points, or 0.14%, to 15,446.64.
Bulk deal boosted volume on the scrip. On BSE, so far 14.96 lakh shares were traded in the counter as against average daily volume of 6,585 shares in the past one quarter. The stock hit a high of Rs 154.80 and a low of Rs 135 so far during the trading session. The stock had 52-week high of Rs 196 on 17 October 2016. The stock had hit 52-week low of Rs 125 on 10 August 2017.
The stock had underperformed the market over the past one month till 21 August 2017, falling 10.87% compared with 2.4% decline in the Sensex. The scrip had also underperformed the market in past one quarter, declining 12.98% as against Sensex's 2.61% rise. The scrip had also underperformed the market in past one year, sliding 14.6% as against Sensex's 11.33% rise.
The small-cap firm has equity capital of Rs 3.20 crore. Face value per share is Rs 1.
Hercules Hoists' net profit dropped 40.96% to Rs 1.11 crore on 24.88% fall in net sales to Rs 15.28 crore in Q1 June 2017 over Q1 June 2016.
Hercules Hoists provides material handling equipments. The company's product repertoire is not only in mechanical hoists, electric chain hoists and wire rope hoists but also extends to stackers and storage and retrieval solutions, overhead cranes in the standard and extended standard range, manipulators and material handling automation solutions.
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