Essar Oil drops after bulk deal

Essar Oil lost 4.57% to Rs 60.50 at 15:11 IST on BSE after 0.05% equity changed hands in a bulk deal on BSE today, 15 April 2014.

A bulk deal on 8.50 lakh shares was executed on Essar Oil counter at Rs 62.45 per share at 12:07 IST on BSE today, 15 April 2014.

Meanwhile, the S&P BSE Sensex was down 105.90 points or 0.47% at 22,523.06

On BSE, so far 17.63 lakh shares were traded in the counter as against average daily volume of 5.42 lakh shares in the past one quarter.

The stock hit a high of Rs 64 and low of Rs 60.40 so far during the day. The stock hit a 52-week high of Rs 90.10 on 22 April 2013. It hit a 52-week low of Rs 44.50 on 31 January 2014.

The stock had outperformed the market over the past one month till 11 April 2014, rising 24.8% compared with the Sensex's 3.68% rise. The scrip also outperformed the market in past one quarter, surging 18.39% as against Sensex's 9.01% rise.

The mid-cap company has an equity capital of Rs 1511.44 crore. Face value per share is Rs 10.

Essar Oil's net profit surged 62.5% to Rs 52 crore on 5.4% increase in total income to Rs 25355 crore in Q3 December 2013 over Q3 December 2012.

Essar Oil is a fully integrated oil and gas company of international scale with strong presence across the hydrocarbon value chain from exploration and production to refining and oil retail.

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