Kalpataru Power Transmission hits 52-week high after large bulk deal
Kalpataru Power Transmission advanced 3.52% to Rs 267.40 at 12:45 IST on BSE after a large bulk deal of 32.62 lakh shares was executed on the scrip at Rs 275 per share in early trade on BSE.
Meanwhile, the S&P BSE Sensex was up 261.58 points or 0.94% at 28,164.24
Bulk deal boosted volume on the scrip. On BSE, so far 33.86 lakh shares were traded in the counter as against average daily volume of 12,788 shares in the past one quarter. The stock hit a high of Rs 286.55 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 258.45 so far during the day. The stock had hit a 52-week low of Rs 160 on 12 February 2016. The stock had underperformed the market over the past 30 days till 29 August 2016, falling 4.6% compared with 0.53% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 8.48% as against Sensex’s 4.63% rise.
The mid-cap company has equity capital of Rs 30.69 crore. Face value per share is Rs 2.
Kalpataru Power Transmission’s net profit rose 50.03% to Rs 64.53 crore on 0.97% decline in net sales to Rs 1141.84 crore in Q1 June 2016 over Q1 June 2015.
Kalpataru Power Transmission is an EPC contracting company with a diversified portfolio in power transmission & distribution, cross country pipeline, oil & gas field surface facilities, civil infrastructure projects, power generation (biomass) as well as railway projects.
