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Sintex Industries slumps as Blackrock offloads shares

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tumbled 5.98% to Rs 29.85 at 12:47 on after Blackrock Funds International Opportunities Portfolio sold 53.56 lakh of the company at Rs 33.11 per share in a bulk deal on the yesterday, 8 August 2017.

Meanwhile, the S&P Sensex was down 135.07 points or 0.42% at 31,879.12. The S&P Small-Cap index declined 101.57 points or 0.64% at 15,802.47.

On the BSE, 66.83 lakh were traded on the counter so far as against the average daily volumes of 45.03 lakh in the past one quarter. The stock had hit a high of Rs 31.50 and a low of Rs 27.70 so far during the day. The stock had hit a 52-week high of Rs 38.55 on 20 July 2017 and a 52-week low of Rs 12.04 on 12 August 2016.

The stock had outperformed the market over the past one month till 8 August 2017, advancing 20.72% compared with the Sensex's 2.08% rise. The stock had also outperformed the market over the past one quarter, gaining 63.66% as against the Sensex's 6.98% rise. The scrip had also outperformed the market over the past one year, advancing 148.63% as against the Sensex's 13.6% rise.

The small-cap company has equity capital of Rs 55.49 crore. Face value per share is Rs 1.

On a consolidated basis, reported net profit of Rs 35.07 crore in Q1 June 2017 compared with net loss of Rs 2.55 crore in Q1 June 2016. Net sales rose 177.6% to Rs 687.56 crore in Q1 June 2017 over Q1 June 2016.

is engaged in spinning, weaving and finishing of textiles.

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

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