EID Parry (India) spurts after large bulk deal

EID Parry (India) rose 6.76% to Rs 296.10 at 13:55 IST on BSE after a bulk deal of 41.11 lakh shares was executed on the scrip at Rs 273.20 per share at 12:50 IST on BSE.

Meanwhile, the S&P BSE Sensex was down 67.96 points or 0.23% at 29,720.39. The S&P BSE Mid-Cap index was down 40.56 points or 0.28% at 14,338.16

Bulk deal boosted volume on the scrip. On BSE, so far 53.84 lakh shares were traded in the counter as against average daily volume of 74,347 shares in the past one quarter. The stock hit a high of Rs 296.30 and a low of Rs 270 so far during the day. The stock had hit a record high of Rs 309.70 on 7 February 2017. The stock had hit a 52-week low of Rs 212 on 11 April 2016.

The stock had underperformed the market over the past one month till 11 April 2017, falling 0.73% compared with 2.91% rise in the Sensex. The scrip also underperformed the market in past one quarter, declining 1.72% as against Sensex's 9.76% rise.

The mid-cap company has equity capital of Rs 17.59 crore. Face value per share is Re 1.

On a consolidated basis, net profit of EID Parry (India) rose 2082.95% to Rs 131.85 crore on 10.9% fall in total income to Rs 3450.15 crore in Q3 December 2016 over Q3 December 2015.

EID Parry (India) is engaged in the manufacture and marketing of a wide-range of products such as sugar, bio-products and nutraceuticals.

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