Manpasand Beverages scales record high after bulk deal

Manpasand Beverages rose 4.94% to Rs 617.50 at 15:25 IST on BSE after a bulk deal of 13.71 lakh shares was executed on the scrip at Rs 605 per share at 13:58 IST on BSE today, 8 July 2016.

Meanwhile, the BSE Sensex was down 74.80 points, or 0.27%, to 27,126.69

Bulk deal boosted volume on the Infosys scrip. On BSE, so far 14.92 lakh shares were traded in the counter, compared with average daily volume of 21,703 shares in the past one quarter. The stock hit a high of Rs 633 so far during the day, a record high for the scrip. The stock hit a low of Rs 577.55 so far during the day. The stock hit a 52-week low of Rs 286 on 9 July 2015. The stock had outperformed the market over the past 30 days till 7 July 2016, rising 15.36% compared with 0.67% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 14.37% as against Sensex's 10.24% rise.

The small-cap company has an equity capital of Rs 50.05 crore. Face value per share is Rs 10.

Manpasand Beverages' net profit rose 47.69% to Rs 25.55 crore on 90.96% rise in net sales to Rs 230.39 crore in Q4 March 2016 over Q4 March 2015.

Manpasand Beverages is a fruit drink manufacturer focusing on mango. Mango-based fruit drink, Mango Sip, is the flagship brand of the company, which is strategically aimed at customers in semi urban and rural markets. In addition, the company also sells fruit drink in apple flavor under the brand Apple Sip.

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