Easun Reyrolle hits 52-week high on fund buying

Easun Reyrolle jumped 9.41% to Rs 74.40 at 14:31 IST on BSE after a domestic mutual fund acquired 1.43% stake in the company on Monday, 20 January 2014.

Meanwhile, the S&P BSE Sensex was up 43.48 points, or 0.21%, to 21,248.53

On BSE, so far 25,294 shares were traded in the counter as against an average daily volume of 12,742 shares in the past one quarter.

The stock hit a 52-week high of Rs 77.75 in intraday trade today, 21 January 2014. The stock hit a low of Rs 70 so far during the day. The stock had hit a 52-week low of Rs 34 on 5 August 2013.

The stock had outperformed the market over the past one month till 20 January 2014, rising 7.51% compared with the Sensex's 0.59% rise. The scrip also outperformed the market in past one quarter, gaining 4.29% as against Sensex's 1.54% rise.

The small-cap company has an equity capital of Rs 4.16 crore. Face value per share is Rs 2.

HDFC Mutual Fund bought 2.98 lakh shares or 1.43% stake in Easun Reyrolle at Rs 68 per share in a bulk deal on BSE on Monday, 20 January 2014.

Easun Reyrolle reported net loss of Rs 5.32 crore in Q2 September 2013 as compared to net profit of Rs 1.73 crore in Q2 September 2012. Net sales fell 15% to Rs 51.46 crore in Q2 September 2013 over Q2 September 2012.

Easun Reyrolle offers products, system, solutions and services in power generation, transmission, distribution and utility segments.

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