Adlabs Entertainment jumps as Insync Capital Partners LLP buys shares

Adlabs Entertainment surged 15.33% to Rs 96.30 at 10:51 IST on BSE after Insync Capital Partners LLP bought shares in the company in a bulk deal on NSE yesterday, 22 September 2016.

Meanwhile, the S&P BSE Sensex, was currently off 30.22 points or 0.11% at 28,742.91

On BSE, so far 5.81 lakh shares were traded in the counter, compared with average daily volume of 76,676 shares in the past one quarter. The stock hit high of Rs 99.90 and low of Rs 94.80 so far during the trading session. The stock had hit 52-week high of Rs 145.40 on 31 December 2015. The stock had hit all-time low of Rs 68 on 29 February 2016. The stock had underperformed the market over the past 30 days till 22 September 2016, rising 1.95% compared with 2.54% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 9.65% as against Sensex's 9% rise.

The small-cap company has equity capital of Rs 79.90 crore. Face value per share is Rs 10.

Adlabs Entertainment reported net loss of Rs 19.23 crore in Q1 June 2016, higher than net loss of Rs 15.52 crore in Q1 June 2015. Net sales rose 7.25% to Rs 83.10 crore in Q1 June 2016 over Q1 June 2015.

Insync Capital Partners LLP bought 4 lakh shares of Adlabs Entertainment at an average price of Rs 81.84 per share in a bulk deal on NSE yesterday, 22 September 2016. Insync Capital Partners LLP sold 50,000 shares of Adlabs Entertainment at an average price of Rs 81.06 per share in a bulk deal on NSE yesterday, 22 September 2016.

Adlabs Entertainment operates the Imagica theme park located at Khalapur, off the Mumbai-Pune express highway.

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