Sanghi Industries surged 6.78% to Rs 18.10 at 11:11 IST on BSE, after 1.98% equity changed hands in a bulk deal on BSE today, 11 April 2014.
A bulk deal of 43.75 lakh shares was executed on the Sanghi Industries scrip at Rs 16.80 per share at 10:02 IST on BSE today, 11 April 2014.
Meanwhile, the BSE Sensex was down 149.51 points, or 0.66%, 22,565.82
Bulk deal boosted volume on the Sanghi Industries counter. On BSE, so far 44.49 lakh shares were traded in the counter. The stock had an average daily volume of 2.24 lakh shares in the past one quarter.
The stock hit a high of Rs 18.70 and a low of 16.80 so far during the day. The stock hit a 52-week high of Rs 20 on 16 May 2013 and a 52-week low of Rs 12.10 on 7 August 2013.
The stock had outperformed the market over the past one month till 10 April 2014, gaining 10.42% compared with the Sensex's 3.56% rise. The scrip, however, underperformed the market in past one quarter, rising 3.67% as against Sensex's 9.43% gain.
The small-cap company has equity capital of Rs 219.98 crore. Face value per share is Rs 10.
Sanghi Industries' net profit dropped 65.4% to Rs 7.48 crore on 0.6% fall in net sales to Rs 284.62 crore in Q3 December 2013 over Q2 December 2013.
Sanghi Industries manufactures clinker and cement products.
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