Hot Pursuit     03-Sep-10
Camlin gains on foreign fund buying
Camlin advanced 1.76% to Rs 54.85 at 10:26 IST on BSE, after foreign fund Morgan Stanley bought 0.51% stake in the company on Thursday, 2 September 2010.

Meanwhile, the BSE Sensex was up 22.20 points, or 0.12% to 18,260.51

On BSE, 2.90 lakh shares were traded in the counter as against an average daily volume of 5.31 lakh shares in the past one quarter.

The stock hit a high of Rs 55.75 and a low of Rs 54.30 so far during the day. The stock had hit a record high of Rs 58.90 on 27 August 2010 and a 52-week low of Rs 20.40 on 4 November 2009.

The small-cap stock outperformed the market over the past one month till 2 September 2010, advancing 46.07% as compared to the Sensex's 0.87% rise. It had also outperformed the market in the past one quarter, surging 94.94% as compared to the Sensex's return of 8.94%.

The company's equity capital is Rs 6.02 crore. Face value per share is Re 1.

Morgan Stanley Mauritius Company bought 3.10 lakh shares in Camlin at Rs 53.80 per share in a bulk deal on the NSE on Thursday, 2 September 2010.

Camlin reported 18.8% rise in net profit to Rs 9.53 crore on 13.8% rise in net sales to Rs 120.53 crore in Q1 June 2010 over Q1 June 2009.

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