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Apar Industries jumps after bulk deal

Capital Market 

Apar Industries surged 7.6% to Rs 461.50 at 15:15 IST on BSE after a bulk deal of 7.35 lakh shares was executed on the scrip at Rs 441.80 per share at 14:34 IST on BSE today, 16 November 2015.

Meanwhile, the S&P BSE Sensex was up 132.35 points or 0.52% to 25,742.88

On BSE, so far 7.54 lakh shares were traded in the counter as against average daily volume of 8,672 shares in the past one quarter.

The stock hit a high of Rs 474 and a low of Rs 422.20 so far during the day. The stock had hit a 52-week low of Rs 320.30 on 9 June 2015. The stock had hit a record high of Rs 508 on 19 August 2015.

The stock had outperformed the market over the past one month till 13 September 2015, rising 2.02% compared with 4.6% fall in the Sensex. The scrip also outperformed the market in past one quarter, falling 1.22% as against Sensex's 7.04% decline.

The small-cap company has equity capital of Rs 38.50 crore. Face value per share is Rs 10.

Apar Industries' net profit rose 52.5% to Rs 24.32 crore on 0.7% growth in net sales to Rs 1241.22 crore in Q2 September 2015 over Q2 September 2014.

Apar Industries offers value added products and services in power transmission conductors, petroleum specialities and power cables.

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First Published: Mon, November 16 2015. 15:21 IST