Wim Plast advances after large bulk deal

Wim Plast rose 2.12% to Rs 1,426.50 at 11:43 IST on BSE after a large bulk deal of 12.01 lakh shares was executed on the scrip at Rs 1,370 per share in early trade on BSE.

Meanwhile, the S&P BSE Sensex was up 56.05 points, or 0.22%, to 25,821.19

Bulk deal boosted volume on the scrip. On BSE, so far 12.23 lakh shares were traded in the counter, compared with average daily volume of 3,964 shares in the past one quarter. The stock hit a high of Rs 1,540 and a low of Rs 1,320 so far during the day. The stock hit a record high of Rs 1,660 on 8 November 2016. The stock hit a 52-week low of Rs 775.50 on 1 April 2016. The stock had outperformed the market over the past 30 days till 21 November 2016, falling 4.39% compared with the 8.23% decline in the Sensex. The scrip also outperformed the market in past one quarter, gaining 12% as against Sensex's 7.95% decline.

The small-cap company has an equity capital of Rs 12 crore. Face value per share is Rs 10.

Wim Plast's consolidated net profit rose 5.18% to Rs 9.13 crore on 4.88% fall in total income to Rs 77.69 crore in Q2 September 2016 over Q2 September 2015.

Wim Plast manufactures plastic moulded furnitures.

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