Ashoka Buildcon slips after bulk deal

Ashoka Buildcon fell 1.71% to Rs 132 at 11:12 IST on BSE after a bulk deal of 5.91 lakh shares was executed on the scrip at Rs 133 per share at 10:24 IST on BSE today, 6 May 2016.

Meanwhile, the BSE Sensex was down 135.26 points, or 0.54%, to 25,126.95

Bulk deal boosted volume on the scrip. On BSE, so far 6.05 lakh shares were traded in the counter, compared with an average volume of 1.46 lakh shares in the past one quarter. The stock hit a high of Rs 133.95 and a low of Rs 132.45 so far during the day. The stock hit a record high of Rs 211.90 on 23 December 2015. The stock hit a 52-week low of Rs 111 on 7 April 2016. The stock had underperformed the market over the past one month till 5 May 2016, falling 20.98% compared with the Sensex's 1.52% gains. The scrip had also underperformed the market in past one quarter, sliding 29.39% as against Sensex's 2.62% gains.

The small-cap company has an equity capital of Rs 93.57 crore. Face value per share is Rs 5.

On a consolidated basis, Ashoka Buildcon's net profit surged 935.9% to Rs 13.26 crore on 32.3% rise in net sales to Rs 602.10 crore in Q3 December 2015 over Q3 December 2014.

Ashoka Buildcon is a leading highway concessionaire and engineering, procurement and construction (EPC) company.

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