Ess Dee Aluminium rises as Macquarie Emerging Markets fund buys bulk shares

Shares of Ess Dee Aluminium, the manufacturer of aluminium foil for packaging purpose, rose 2.12% to INR 312.70 at 12:15 IST on BSE after Macquarie Emerging Markets Asian Trading Pte bought 1.73 lakh shares at INR 306 per share from Standard Chartered Bank (Mauritius) in a bulk deal on the NSE yesterday, 2 November 2015.

Meanwhile, the S&P BSE Sensex was down 143.45 points or 0.55% at 25,974.40.

On BSE, so far 75,000 shares were traded in the counter as against average daily volume of 64,131 shares in the past one quarter.

The stock hit a high of INR 322 and a low of INR 310 so far during the day. The stock had hit a 52-week high of INR 407.70 on 5 December 2014. The stock had hit a 52-week low of INR 121 on 27 March 2015.

The stock had underperformed the market over the past one month till 2 November 2015, sliding 9.11% compared with Sensex's 1.66% fall. The scrip had, however, outperformed the market in past one quarter, surging 11.67% as against Sensex's 2.61% rise.

The small-cap company has equity capital of INR 32.05 crore. Face value per share is INR 10.

On consolidated basis, Ess Dee Aluminium reported net loss of INR 15.44 crore in Q2 September 2015 compared with net profit of INR 14.10 crore in Q2 September 2014. Net sales declined 40.4% to INR 132.60 crore in Q2 September 2015 over Q2 September 2014.

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