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JHS Svendgaard declines as Tano Mauritius liquidates bulk shares

Capital Market 

Laboratories fell 3.16% to Rs 38.25 at 15:25 on as Tano Mauritius FVCI liquidated 2.72 lakh of the company at an average price of Rs 40.06 a piece in a bulk deal on the yesterday, 28 November 2016.

Meanwhile, the S&P Sensex was up 39.12 points or 0.15% at 26,389.29.

On the BSE, 98,000 were traded on the counter so far as against average daily volumes of 78,744 in the past one quarter. The stock had hit a high of Rs 41.30 and a low of Rs 37 so far during the day. The stock had hit a 52-week low of Rs 12.71 on 20 December 2015. The stock had hit a 52-week high of Rs 46.30 on 1 November 2016. The stock had outperformed the market over the past one month till 28 November 2016, declining 4.24% compared with the Sensex's 5.7% fall. The scrip had also outperformed the market in past one quarter, advancing 12.06% as against the Sensex's 5.15% fall.

The small-cap company has equity capital of Rs 39.87 crore. Face value per share is Rs 10.

Tano Mauritius FVCI owned 6.65% stake in Laboratories end September 2016.

On a consolidated basis, Laboratories reported net profit of Rs 1.35 crore in Q2 September 2016, compared with net loss of Rs 0.92 crore in Q2 September 2015. Net sales rose 20.7% to Rs 30.65 crore in Q2 September 2016 over Q2 September 2015.

JHS Svendgaard Laboratories is engaged in exporting, importing, trading, buying and selling of oral care/hygiene products (including toothbrushes and toothpastes).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 29 2016. 15:18 IST