On Friday this-small cap stock fell up to 4% after 35 lakhs shares changed hands. This stock has delivered 25% returns in six months and 15% returns in one year. A block deal refers to a transaction in which more than 5 lakh shares of a particular business listed on the exchange, or shares worth more than Rs. 5 crores, are traded.
VRL Logistics Ltd
The company VRL Logistics Ltd., with a market capitalization of Rs. 6,194 Cr., is under the small-cap category. On Friday at 14:30 p.m. the company shares were trading 0.8% below at Rs. 704.50. It is 9.5% below the 52-week high.
As per the reports, 35 lakh shares changed hands through block trade at Rs. 685.65. The total worth of this transaction is about 240 Cr. Both buyers and sellers are not immediately known.
According to the company filing, total revenue grew by 10% YoY from Rs. 617.2 Cr in Q1 FY23 to Rs. 683 Cr in Q1 FY24 and for the same period, net profit declined by 7% YoY from Rs. 36.46 Cr to Rs. 33.94 Cr. As of June 2023, EPS stood at 3.88.
As per the latest shareholding data, Promoters hold 64.24%, FIIs hold 25.09%, DIIs hold 25.09% and Publc hold 8.49% stake in the company.
The primary focus of the logistics services provided by VRL Logistics Ltd. is the transportation of passengers and cargo. The business operates in four segments: air passenger transportation, bus operations, power sales, and goods transportation.
Written by Sheshadri N
The post Stock falls up to 4% after 35 Lakh shares of the company changed hands through block deal appeared first on Trade Brains.