Ess Dee Aluminium tumbles on profit booking

Meanwhile, the S&P BSE Sensex was up 117.12 points or 0.64% at 18,359.68.

On BSE, 1.41 lakh shares were traded in the counter as against average daily volume of 53,556 shares in the past one quarter.

The stock hit a high of Rs 475 and a low of Rs 427.30 so far during the day. The stock had hit a 52-week high of Rs 485.90 on Friday, 12 April 2013. The stock had hit a 52-week low of Rs 114.20 on 13 September 2012.

The stock had outperformed the market over the past one month till 12 April 2013, surging 38.53% compared with the Sensex's 6.76% fall. The scrip had also outperformed the market in past one quarter, jumping 34.49% as against Sensex's 7.23% fall.

The small-cap company has equity capital of Rs 32.05 crore. Face value per share is Rs 10.

Shares of Ess Dee Aluminium had rallied 24.83% in four trading sessions to settle at Rs 472.25 on Friday, 12 April 2013, from a recent low of Rs 378.30 on 8 April 2013.

With regard to media reports that promoters are planning to sell their entire stake in the company to Australia-based Amcor, Ess Dee Aluminium during trading hours on Friday, 12 April 2013, said that the company is not aware of any developments as are being reported in the media and that the company is unable to comment on market speculation.

On a consolidated basis, Ess Dee Aluminum's net profit rose 5.4% to Rs 17.64 crore on 16.9% growth in net sales to Rs 184.48 crore in Q3 December 2012 over Q3 December 2011.

Ess Dee Aluminum manufactures aluminium foils for packaging purpose.

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