EIH advances after bulk deal

EIH gained 4.62% to Rs 114.30 at 14:05 IST on BSE after a bulk deal of 16 lakh shares was executed on the scrip at Rs 111.45 per share at 09:26 IST on BSE.

Meanwhile, the S&P BSE Sensex was down 228.33 points, or 0.81%, to 27,875.30

Bulk deal boosted volume on the scrip. On BSE, so far 17.96 lakh shares were traded in the counter, compared with an average daily volume of 19,423 shares in the past one quarter. The stock hit a high of Rs 120.70 and a low of Rs 110.10 so far during the day. The stock hit a 52-week high of Rs 137.80 on 1 January 2016. The stock hit a 52-week low of Rs 100.60 on 11 May 2016. The stock had outperformed the market over the past 30 days till 25 October 2016, sliding 0.09% compared with 0.72% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 6.98% as against Sensex's 0.24% rise.

The mid-cap hospitality company has an equity capital of Rs 114.31 crore. Face value per share is Rs 2.

EIH reported net loss of Rs 12.24 crore for Q1 June 2016 as against net profit of Rs 21.15 crore for Q1 June 2015. EIH's net sales declined 8.39% to Rs 273.64 crore in Q1 June 2016 over Q1 June 2015.

EIH, under the aegis of The Oberoi Group, operates hotels and cruisers in five countries under the luxury 'Oberoi' and five-star 'Trident' brands.

Powered by Capital Market - Live News