J Kumar Infraprojects drops after selling by HDFC Standard Life Insurance

J Kumar Infraprojects fell 1.19% to Rs 169.95 at 12:38 IST on BSE after HDFC Standard Life Insurance Company sold 6.10 lakh shares in the company at average price of Rs 172.53 in a bulk deal on NSE yesterday, 30 August 2016.

Meanwhile, the S&P BSE Sensex was up 37.67 points, or 0.13%, to 28,380.68

On BSE, so far 1.61 lakh shares were traded in the counter, compared with average daily volume of 87,133 shares in the past one quarter. The stock hit a high of Rs 176.70 and a low of Rs 169.35 so far during the day. The stock hit a record high of Rs 449.75 on 6 October 2015. The stock hit a 52-week low of Rs 105.80 on 17 August 2016. The stock had underperformed the market over the past 30 days till 30 August 2016, falling 19.59% compared with 1.21% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 30.6% as against Sensex's 6.1% rise.

The small-cap company has an equity capital of Rs 37.83 crore. Face value per share is Rs 5.

HDFC Standard Life Insurance Company is a domestic institutional investor.

J Kumar Infraprojects' net profit rose 4.68% to Rs 28.61 crore on 0.99% rise in total income to Rs 412.48 crore in Q4 March 2016 over Q4 March 2015.

J Kumar Infraprojects is a civil engineering company focussed on construction of roads, flyovers, civil construction of buildings, irrigation projects and piling works.

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