Asahi India Glass advances after twin bulk deals

Asahi India Glass rose 1.91% to Rs 31.95 at 10:55 IST on BSE, after 1.2% equity changed hands in two bulk deals today, 27 August 2013.   A bulk deal of 14.57 lakh shares was executed on Asahi India Glass counter at Rs 30.80 per share at 09:49 IST on BSE today, 27 August 2013.

Another bulk deal of 14.57 lakh shares was executed on Asahi India Glass counter at Rs 31.05 per share at 09:49 IST on BSE today, 27 August 2013.

Meanwhile, the BSE Sensex was down 343.79 points, or 1.85%, to 18,214.34// On BSE, 29.21 lakh shares were traded in the counter as against average daily volume of 14,857 shares over the past one quarter.

The stock hit a high of Rs 32.65 and a low of Rs 30.80 so far during the day. The stock had hit a 52-week high of Rs 67.24 on 11 September 2012 and a 52-week low of Rs 27.10 on 19 August 2013.

The small-cap stock underperformed the market over the past one month till 26 August 2013, falling 11.57% compared with the Sensex's 6.03% fall. The scrip had also underperformed the market in past one quarter, sliding 26.87% as against Sensex's 5.82% fall.

The company has an equity capital of Rs 24.31 crore. Face value per share is Re 1.

Asahi India Glass reported consolidated net loss of Rs 31.77 crore in Q1 June 2013, higher than net loss of Rs 27.71 crore in Q1 June 2012. Net sales rose 3.2% to Rs 505.78 crore in Q1 June 2013 over Q1 June 2012.

600450 Asahi India Glass advances after twin bulk deals glassonweb.com
Date: 29 August 2013
Source: www.asahiindia.com

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