Valecha Engineering lost 4.8% to Rs 107.15 at 15:06 IST on BSE weighed by a promoter offloading 1.11% stake in the company yesterday, 15 January 2015.
Meanwhile, the S&P BSE Sensex was up 73.46 points or 0.26% at 28,149.01
On BSE, so far 10.13 lakh shares were traded in the counter as against average daily volume of 67,174 shares in the past one quarter.
The stock hit a high of Rs 113.45 and a low of Rs 102.60 so far during the day. The stock hit a 52-week high of Rs 122.45 on 15 January 2015. The stock hit a 52-week low of Rs 29.05 on 3 March 2014.
The stock had outperformed the market over the past one month till 15 January 2015, rising 76.41% compared with 2.77% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 69.38% as against Sensex's 6.55% rise.
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The small-cap company has equity capital of Rs 19.53 crore. Face value per share is Rs 10.
Valecha Investments sold 2.18 lakh shares or 1.11% stake at an average price of Rs 111.23 per share in Valecha Engineering in a bulk deal on BSE yesterday, 15 January 2015. Total promoter holding in Valecha Engineering stood at 48.23% as at 30 September 2014, of which Valecha Investments owned 39.97%.
Valecha Engineering reported a net loss of Rs 4.58 crore in Q2 September 2014 as against net profit of Rs 3.46 crore in Q2 September 2013. Net sales declined 14.9% to Rs 135.10 crore in Q2 September 2014 over Q2 September 2013.
Valecha Engineering is engaged in the construction of major infrastructure & engineering projects such as roads, highways & expressways, bridges & tunnels, airports, irrigation dams, reservoirs & canals, railways foundation & piling works.
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