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Hinduja Global gains as mutual fund purchases bulk shares from secondary market

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Capital Market

Hinduja Global Solutions rose 2.16% to Rs 664 at 9:55 IST on BSE after Birla Sun Life Mutual Fund bought 5.78 lakh shares at Rs 650 per share in a bulk deal on BSE on Tuesday, 7 October 2014.

Meanwhile, the S&P BSE Sensex was down 40.18 points or 0.15% at 26,231.79.

On BSE, so far 4.163 shares were traded in the counter as against average daily volume of 1.08 lakh shares in the past two weeks.

The stock hit a high of Rs 675 and a low of Rs 655.40 so far during the day.

However, Credit Suisse (Singapore) Limited A/C Credit Suisse (Singapore) sold 3.34 lakh shares at Rs 650.31 per share and Goldman Sachs Investments Mauritius sold 2.90 lakh shares at Rs 650.01 per share in bulk deals on BSE on Tuesday, 7 October 2014.

 

Hinduja Global Solutions' consolidated net profit declined 6.9% to Rs 32.50 crore on 3.9% growth in net sales to Rs 666.20 crore in Q1 June 2014 over Q4 March 2014.

Hinduja Global Solutions provides outsourcing solutions that include back office processing, contact center services and customized IT solutions to its global clients comprising several Fortune 500 companies.

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First Published: Oct 08 2014 | 9:52 AM IST

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