Westlife Development drops after block deals

Westlife Development lost 4.92% to Rs 390 at 11:06 IST on BSE after two block deals aggregating 9.21 lakh shares were executed in the counter on BSE at Rs 417.85 per share at 10:31 IST.

One block deal was of 6.82 lakh shares while another block deal was of 2.39 lakh shares. The two block deals constitute 0.59% of Westlife Development's equity.

Meanwhile, the S&P BSE Sensex was down 6.66 points or 0.03% at 20,418.36.

On BSE, 9.24 lakh shares were traded in the counter as against average daily volume of 2,880 shares in the past two weeks.

The stock hit a high of Rs 417.85 and a low of Rs 390 so far during the day.

Westlife Development's consolidated profit after tax plunged 88.22% to Rs 1.04 crore on 10.7% growth in revenue to Rs 183.42 crore in Q2 September 2013 over Q2 September 2012.

Westlife Development has widespread interests in trading, hospitality and quick service restaurant industry. The company's subsidiary -- Hardcastle Restaurants -- is a McDonald's franchisee with rights to own and operate McDonald's restaurants in India's west and south markets.

Powered by Capital Market - Live News