Vipul cracks after large bulk deal

Capital Market 

Vipul lost 1.33% to Rs 81.60 at 15:25 on after a bulk deal of 29.51 lakh was executed on the scrip at Rs 88.80 per share at 09:23 on

Meanwhile, the S&P Sensex was up 346.38 points, or 1.06% to 33,106.82. The S&P Small-Cap index was up 189.46 points, or 1.1% to 17,462.86.

Bulk deal boosted volume on the scrip. On BSE, so far 31.79 lakh were traded in the counter compared with an average daily volume of 1.56 lakh in the past one quarter. The stock hit a high of Rs 90.05 and a low of Rs 80.10 so far during the day. The stock hit a 52-week high of Rs 102.45 on 22 September 2017. The stock hit a 52-week low of Rs 54.20 on 29 December 2016.

The stock had underperformed the market over the past one month till 15 November 2017, falling 1.72% compared with the Sensex's 1.01% rise. The scrip also underperformed the market over the past one quarter, declining 0.9% as against the Sensex's 4.17% rise. The scrip, however, outperformed the market over the past one year, surging 32.64% as against the Sensex's 16.49% rise.

The small-cap realty firm has equity capital is Rs 12 crore. Face value per share is Re 1.

Vipul reported net profit of Rs 1.50 crore in Q1 June 2017 as compared to net loss of Rs 0.86 crore in Q1 June 2016. Net sales surged 154.72% to Rs 102.83 crore in Q1 June 2017 over Q1 June 2016.

Vipul is a real estate developer in National Capital Region (NCR) besides developing properties in Gurgaon, Ludhiana, Bawal, Bhubaneshwar and Faridabad.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 16 2017. 15:35 IST