Saint-Gobain Sekurit gallops after massive bulk deal

Saint-Gobain Sekurit India jumped 11.2% to Rs 41.20 at 11:33 IST on BSE after a massive bulk deal of 1.19 crore shares was executed on the scrip at Rs 41 per share at 09:33 IST on BSE today, 31 March 2016.

Meanwhile, the BSE Sensex was up 64.59 points, or 0.25%, to 25,403.17

Bulk deal boosted volume on the Saint-Gobain Sekurit India scrip. On BSE, so far 1.23 crore shares were traded in the counter, compared with an average volume of 94,772 shares in the past one quarter.

The stock hit a high of Rs 42.50 and a low of Rs 37.05 so far during the day. The stock hit a 52-week high of Rs 54.50 on 3 August 2015. The stock hit a 52-week low of Rs 33.15 on 29 February 2016. The stock had underperformed the market over the past one month till 30 March 2016, rising 8.65% compared with 10.16% rise in the Sensex. The scrip also underperformed the market in past one quarter, declining 19.63% as against Sensex's 2.39% decline.

 

The small-cap company has an equity capital of Rs 91.11 crore. Face value per share is Rs 10.

Saint-Gobain Sekurit India reported net loss of Rs 2.58 crore in Q3 December 2015 as against net profit of Rs 1.64 crore in Q3 December 2015. Net sales rose 5% to Rs 34.13 crore in Q3 December 2015 over Q3 December 2014.

Saint-Gobain Sekurit India supplies automotive glazing and modular components for the global vehicle manufacturing segment and the replacement market.

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