Simplex Infra declines as Citigroup offloads bulk shares in secondary market

Simplex Infrastructures fell 3.11% to Rs 414.50 at 13:04 IST on BSE after Citigroup Global Markets Mauritius sold a total of about 5.66 lakh shares of the company in bulk deals on BSE and National Stock Exchange yesterday, 23 February 2015.

Meanwhile, the S&P BSE Sensex was down 25.15 points or 0.09% at 28,949.96.

On BSE, so far 44,000 shares were traded in the counter as against average daily volume of 55,580 shares in the past one quarter.

The stock hit a high of Rs 436 and a low of Rs 412 so far during the day. The stock had hit a 52-week high of Rs 443.60 on 20 February 2015. The stock had hit a 52-week low of Rs 85 on 24 February 2014.

The stock had outperformed the market over the past one month till 23 February 2015, advancing 17.05% compared with Sensex's 1.04% fall. The scrip had also outperformed the market in past one quarter, jumping 20.51% as against Sensex's 2.26% rise.

The small-cap company has equity capital of Rs 9.89 crore. Face value per share is Rs 2.

Citigroup Global Markets Mauritius sold 2.83 lakh shares of Simplex Infrastructures in a bulk deal on BSE at Rs 427.50 per share yesterday, 23 February 2015. On same day, Citigroup Global Markets Mauritius sold 2.83 lakh shares in a bulk deal on NSE at Rs 427.52 per share.

Simplex Infrastructures' net profit declined 2.7% to Rs 14.76 crore on 2.2% growth in net sales to Rs 1419.50 crore in Q3 December 2014 over Q3 December 2013.

Simplex Infrastructures is the largest pure play civil construction & engineering contractors in India.

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