Hinduja Global Solutions gains on fund buying

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Capital Market
Last Updated : Oct 10 2014 | 10:45 AM IST

Hinduja Global Solutions rose 1.58% at Rs 670 at 9:58 IST on BSE after Reliance Small Cap Fund bought 3.25 lakh shares at Rs 650 per share in bulk deal on BSE on Thursday, 9 October 2014.

Meanwhile, the S&P BSE Sensex was down 299.12 points or 1.12% at 26,338.16.

On BSE, so far 4,153 shares were traded in the counter as against average daily volume of 1.68 lakh shares in the past two weeks.

The stock hit a high of Rs 683 and a low of Rs 658 so far during the day.

Reliance Small Cap Fund bought 3.25 lakh shares of Hinduja Global Solutions (HGS) at Rs 650 per share in bulk deal on BSE on Thursday, 9 October 2014. However, Credit Suisse (Singapore) Limited A/C Credit Suisse (Singapore) sold 2.11 lakh shares of HGS at Rs 650 per share and Goldman Sachs Investments Mauritius sold 1.07 lakh shares at Rs 650.06 per share in bulk deals on BSE on Thursday, 9 October 2014.

Hinduja Global Solutions' consolidated net profit declined 6.9% to Rs 32.50 crore on 3.9% growth in net sales to Rs 666.20 crore in Q1 June 2014 over Q4 March 2014.

Hinduja Global Solutions provides outsourcing solutions that include back office processing, contact center services and customized IT solutions to its global clients comprising several Fortune 500 companies.

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First Published: Oct 10 2014 | 9:54 AM IST

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