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Sintex Industries recovers after recent sharp slide

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Sintex Industries rose 1.83% to Rs 97.50 at 15:23 IST on BSE, with the stock recovering on bargain hunting after recent sharp slide.

Meanwhile, the S&P BSE Sensex was up 345.60 points or 1.31% at 26,826.85.

On BSE, so far 5 lakh shares were traded in the counter as against average daily volume of 11.73 lakh shares in the past one quarter.

The stock hit a high of Rs 98.40 and a low of Rs 96.10 so far during the day. The stock had hit a 52-week high of Rs 136.40 on 13 March 2015. The stock had hit a 52-week low of Rs 40.70 on 25 March 2014.

 

The stock had underperformed the market over the past one month till 9 June 2015, sliding 11.63% compared with Sensex's 2.3% fall. The scrip had also underperformed the market in past one quarter, declining 15.15% as against Sensex's 8.19% fall.

The mid-cap company has equity capital of Rs 43.36 crore. Face value per share is Re 1.

Shares of Sintex Industries had declined 13.42% in prior seven trading sessions to settle at Rs 95.75 yesterday, 9 June 2015, from a recent high of Rs 110.60 on 29 May 2015.

Sintex Industries' consolidated net profit rose 22.7% to Rs 197.78 crore on 9.3% growth in net sales to Rs 2168.15 crore in Q4 March 2015 over Q4 March 2014.

Sintex Industries is a dominant player in the plastics and textile business segments.

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First Published: Jun 10 2015 | 3:13 PM IST

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