D-Link (India) moves north on fund buying

D-Link (India) rose 2.35% to Rs 108.80 at 10:24 IST on BSE as Prusik Asian Smaller Companies Fund Public bought 2.03 lakh shares of the company at Rs 107.13 per share in a bulk deal on the NSE yesterday, 26 December 2016.

Meanwhile, the S&P BSE Sensex was up 94.43 points or 0.37% at 25,901.53.

On the BSE, 37,000 shares were traded on the counter so far as against the average daily volumes of 1.09 lakh shares in the past one quarter. The stock had hit a high of Rs 109.80 and a low of Rs 107.95 so far during the day.

The stock had hit a 52-week high of Rs 181 on 1 January 2016 and a 52-week low of Rs 75.25 on 21 September 2016. It had outperformed the market over the past one month till 26 December 2016, surging 29% compared with the Sensex's 1.94% fall. The scrip had also outperformed the market in past one quarter, advancing 22.68% as against the Sensex's 8.79% fall.

The small-cap company has equity capital of Rs 7.10 crore. Face value per share is Rs 2.

D-Link (India)'s net profit rose 107% to Rs 7.12 crore on 16.6% growth in net sales to Rs 201.79 crore in Q2 September 2016 over Q2 September 2015.

D-Link is engaged in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions.

Powered by Capital Market - Live News