KRBL gains after twin bulk deals

KRBL rose 1.62% to Rs 599.95 at 15:21 IST on BSE after two bulk deals were executed on the scrip on BSE.

A bulk deal of 32.01 lakh shares was executed on the KRBL scrip at Rs 598.30 per share at 14:06 IST on BSE. Another bulk deal of 32 lakh shares was executed on the scrip at Rs 602 per share at 14:07 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 278.11 points or 0.82% at 34,283.87.

Bulk deals boosted volume on the scrip. On the BSE, 65.19 lakh shares were traded on the counter so far as against average daily volumes of 7,453 shares in the past one quarter. The stock had hit a high of Rs 609.50 and a low of Rs 589.05 so far during the day. The stock had hit a record high of Rs 673 on 21 December 2017. The stock had hit a 52-week low of Rs 365 on 22 February 2017.

The stock had underperformed the market over the past 30 days till 9 February 2018, falling 6.6% compared with 1.44% fall in the Sensex. The scrip also underperformed the market in past one quarter, sliding 8.63% as against Sensex's 2.07% rise. The scrip, however, outperformed the market in past one year, gaining 56.17% as against Sensex's 20.02% rise.

The large-cap company has equity capital of Rs 23.54 crore. Face value per share is Re 1.

On a consolidated basis, KRBL's net profit rose 10.88% to Rs 122.99 crore on 1.51% decline in total income to Rs 787.71 crore in Q3 December 2017 over Q3 December 2016.

KRBL is India's leading integrated rice company with a comprehensive product chain.

Powered by Capital Market - Live News