JHS Svendgaard declines as Tano Mauritius liquidates bulk shares

JHS Svendgaard Laboratories fell 3.16% to Rs 38.25 at 15:25 IST on BSE as Tano Mauritius India FVCI liquidated 2.72 lakh shares of the company at an average price of Rs 40.06 a piece in a bulk deal on the NSE yesterday, 28 November 2016.

Meanwhile, the S&P BSE Sensex was up 39.12 points or 0.15% at 26,389.29.

On the BSE, 98,000 shares were traded on the counter so far as against average daily volumes of 78,744 shares in the past one quarter. The stock had hit a high of Rs 41.30 and a low of Rs 37 so far during the day. The stock had hit a 52-week low of Rs 12.71 on 20 December 2015. The stock had hit a 52-week high of Rs 46.30 on 1 November 2016. The stock had outperformed the market over the past one month till 28 November 2016, declining 4.24% compared with the Sensex's 5.7% fall. The scrip had also outperformed the market in past one quarter, advancing 12.06% as against the Sensex's 5.15% fall.

The small-cap company has equity capital of Rs 39.87 crore. Face value per share is Rs 10.

Tano Mauritius India FVCI owned 6.65% stake in JHS Svendgaard Laboratories end September 2016.

On a consolidated basis, JHS Svendgaard Laboratories reported net profit of Rs 1.35 crore in Q2 September 2016, compared with net loss of Rs 0.92 crore in Q2 September 2015. Net sales rose 20.7% to Rs 30.65 crore in Q2 September 2016 over Q2 September 2015.

JHS Svendgaard Laboratories is engaged in exporting, importing, trading, buying and selling of oral care/hygiene products (including toothbrushes and toothpastes).

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