Kridhan Infra jumps after bulk deal

Kridhan Infra surged 8.45% to Rs 107.75 at 9:47 IST on BSE after the Government of Singapore bought bulk shares of the company in an open market transaction yesterday, 18 December 2017.

Meanwhile, the S&P BSE Sensex was up 119.75 points or 0.36% at 33,721.43. The S&P BSE Small-Cap index advanced 0.98%, outperforming the Sensex.

On the BSE, 3.41 lakh shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past one quarter. The stock had hit a high of Rs 108 and a low of Rs 103.40 so far during the day. The stock had hit a 52-week high of Rs 121.55 on 11 December 2017 and a 52-week low of Rs 47.50 on 24 March 2017.

The small-cap company has equity capital of Rs 14.82 crore. Face value per share is Rs 2.

Government of Singapore bought 8.95 lakh shares of Kridhan Infra at Rs 92 per share in a bulk deal on the BSE yesterday, 18 December 2017. Mustray Impex & Services sold 20 lakh shares at Rs 92.21 apiece.

On a consolidated basis, Kridhan Infra's net profit fell 79.8% to Rs 12.70 crore on 24.6% growth in net sales to Rs 212.12 crore in Q2 September 2017 over Q2 September 2016.

Kridhan Infra operates as an engineering company, which provides pre-cut/bend bars coupler and threading solution. Its segments include India and outside India.

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