HealthCare Global Enterprises spurts after bulk deal

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Capital Market
Last Updated : Apr 14 2017 | 12:01 AM IST

HealthCare Global Enterprises surged 8.53% to Rs 258.40 at 14:55 IST on BSE after a bulk deal of 2 lakh shares was executed on the scrip at Rs 240 per share in opening trade on BSE.

Meanwhile, the S&P BSE Sensex was down 156.97 points or 0.53% at 29,486.51. The S&P BSE Mid-Cap index was down 1.6 points or 0.01% at 14,345.27.

Bulk deal boosted volume on the scrip. On BSE, so far 2.55 lakh shares were traded in the counter as against average daily volume of 38,857 shares in the past one quarter. The stock hit a high of Rs 277.10 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 238 so far during the day. The stock had hit a record low of Rs 167 on 24 June 2016.

The stock had underperformed the market over the past one month till 12 April 2017, falling 0.98% compared with 0.68% rise in the Sensex. The scrip also underperformed the market in past one quarter, sliding 1.37% as against Sensex's 8.79% rise.

The small-cap company has equity capital of Rs 85.71 crore. Face value per share is Rs 10.

HealthCare Global Enterprises reported consolidated net profit of Rs 5.35 crore in Q3 December 2016 as compared with net loss of Rs 2.19 crore in Q3 December 2015. Net sales rose 22.6% to Rs 174.53 crore in Q3 December 2016 over Q3 December 2015.

HealthCare Global Enterprises is a provider of speciality healthcare in India, focused on cancer and fertility.

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First Published: Apr 13 2017 | 3:10 PM IST

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