Kalindee Rail Nirman speeds up on block deal
Kalindee Rail Nirman Engineers galloped 15.49% to Rs 129 at 13:38 IST on BSE after a block deal of 4.97 lakh shares, or 4.43% of the equity, was struck at Rs 115 on NSE. Meanwhile, the BSE Sensex was down 194.27 points, or 2.09%, to 9,096.74. On BSE, 3.75 lakh shares were traded in the counter. The stock had an average daily volume of 23,721 shares in the past one quarter. The stock hit a high of Rs 131 and a low of Rs 107.30 so far during the day. The stock has a 52-week high of Rs 600 on 1 January 2008 and a 52-week low of Rs 85 on 10 October 2008. The small-cap stock had outperformed the market over the past one month till 17 November 2008, gaining 3.38% as compared to the Sensex's decline of 6.86%. It had underperformed the market in the past one quarter, declining 46.77% as compared to the Sensex's decline of 36.90%. The company's current equity is Rs 11.22 crore. Face value per share is Rs 10. The current price of Rs 129 discounts the company's