Texmaco Infrastructure spurts after a large block deal

Texmaco Infrastructure & Holdings jumped 6.09% to Rs 23.50 at 11:44 IST on BSE after a block deal of 50 lakh shares was executed on BSE at Rs 22.15 per share at 9:16 IST.

The block deal constitutes 3.92% of Texmaco Infrastructure & Holdings' equity.

Meanwhile, the S&P BSE Sensex was down 29.42 points or 0.15% at 19,864.43.

On BSE, 55.61 lakh shares were traded in the counter as against average daily volume of 6,040 shares in past one quarter.

The stock hit a high of Rs 24 and a low of Rs 21.80 so far during the day. The stock had hit a 52-week high of Rs 41.25 on 4 October 2012. The stock had hit a 52-week low of Rs 18.40 on 7 August 2013.

The stock had underperformed the market over the past one month till 26 September 2013, gaining 1.37% compared with the Sensex's 7.2% rise. The scrip had also underperformed the market in past one quarter, declining 11.04% as against Sensex's 7.23% rise.

The small-cap company has equity capital of Rs 12.74 crore. Face value per share is Re 1.

Texmaco Infrastructure & Holdings' net profit rose 1.5% to Rs 2.08 crore on 9.5% growth in total income to Rs 4.73 crore in Q1 June 2013 over Q1 June 2012.

Texmaco Infrastructure & Holdings derives majority of its revenue from receipt of rent of leased out properties to blue chip companies on medium term basis at Gurgaon and from dividend income from its strategic investments.

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