Essel Propack gallops after bulk deal

A bulk deal of 5 lakh shares was executed on the Essel Propack counter at Rs 39.50 per share at 11:23 IST on the BSE today, 21 May 2013. The bulk deal constituted 0.32% equity capital of Essel Propack.

Meanwhile, the S&P BSE Sensex was up 31.22 points or 0.15% at 20,255.20.

On BSE, 7.57 lakh shares were traded in the counter as against average daily volume of 50,674 shares in the past one quarter.

The stock hit a high of Rs 45.40 and a low of Rs 38.55 so far during the day. The stock had hit a 52-week low of Rs 29.80 on 28 March 2013. The stock had hit a 52-week high of Rs 46.55 on 10 December 2012.

The stock had outperformed the market over the past one month till 20 May 2013, rising 8.21% compared with the Sensex's 6.35% rise. The scrip had also outperformed the market in past one quarter, gaining 5.61% as against Sensex's 2.96% rise

The small-cap company has equity capital of Rs 31.42 crore. Face value per share is Rs 2.

Essel Propack unveils standalone and consolidated results for the year ended 31 March 2013 along with dividend, if any, on 29 May 2013.

On a consolidated basis, Essel Propack's net profit jumped 62.3% to Rs 22.06 crore on 7.9% growth in net sales to Rs 444.33 crore in Q3 December 2012 over Q3 December 2011.

Essel Propack is a specialized packaging company promoted by Essel Group. The company is the world's largest manufacturer of laminated tubes and has 24 state-of-art facilities in 12 countries across four continents.

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