BS extends Monday's gains

BS rose 1.06% to Rs 119.25 at 15:22 IST on BSE, with the stock extending Monday's 3.73% gains triggered by the company fixing 22 January 2014 as the record date for 10-for-1 stock-split.

Meanwhile, the S&P BSE Sensex was down 90.11 points or 0.43% at 21,044.10.

On BSE, so far 56,000 shares were traded in the counter as against average daily volume of 73,853 shares in the past one quarter.

The stock was volatile. The stock rose as much as 3.38% at the day's high of Rs 122 so far during the day. The stock lost as much as 2.16% at the day's low of Rs 115.45 so far during the day. The stock had hit a 52-week high of Rs 178.45 on 25 February 2013. The stock had hit a 52-week low of Rs 101 on 18 January 2013.

The stock had outperformed the market over the past one month till 13 January 2014, advancing 6.26% compared with the Sensex's 2.02% rise. The stock had, however, underperformed the market in past one quarter, declining 4.65% as against Sensex's 2.95% rise.

The small-cap company has equity capital of Rs 43.90 crore. Face value per share is Rs 10.

Shares of BS have risen 4.83% in two trading sessions from Rs 113.75 on 10 January 2014 after the company during trading hours on Monday, 13 January 2014 said it has fixed 22 January 2014 as the record date for 10-for-1 stock-split. The stock had surged 3.73% to settle at Rs 118 on Monday, 13 January 2014.

BS' consolidated net profit declined 5.4% to Rs 15.49 crore on 6.2% growth in net sales to Rs 619.50 crore in Q2 September 2013 over Q2 September 2012.

BS is engaged in the power transmission & distribution and telecom passive infrastructure businesses.

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