Jyothy Laboratories advances after bulk deal

Jyothy Laboratories rose 2.45% to Rs 307.15 at 14:01 IST on BSE, after a bulk deal of 5.84 lakh shares was executed on the scrip at Rs 301.95 per share at 10:45 IST on BSE today, 9 May 2016.

Meanwhile, the S&P BSE Sensex was up 386.33 points or 1.53% at 25,614.83

Bulk deal boosted volume on the scrip. On BSE, so far 5.88 lakh shares were traded in the counter as against average daily volume of 16,343 shares in the past one quarter.

The stock hit a high of Rs 309 and a low of Rs 301.20 so far during the day. The stock hit a record high of Rs 342 on 11 August 2015. The stock had hit a 52-week low of Rs 237 on 18 May 2015. The stock had outperformed the market over the past one month till 6 May 2016, rising 1.34% compared with 1.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 4.62% as against Sensex's 2.48% rise.

The mid-cap company has equity capital of Rs 18.11 crore. Face value per share is Re 1.

Jyothy Laboratories' net profit rose 47.4% to Rs 38.99 crore on 8% growth in net sales to Rs 384.79 crore in Q3 December 2015 over Q3 December 2014.

Jyothy Laboratories manufactures and distributes brands across product categories as diverse as fabric care, household insecticides, utensil cleaners, fragrances, personal care, besides marketing tea and coffee brands.

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