The block deal constituted of 1.95% of the company's equity capital.
Meanwhile, the BSE Sensex was down 283.19 points, or 2.82%, to 9,765.30.
On BSE, 4.12 lakh shares were traded in the counter. The stock had an average daily volume of 23,397 shares in the past one quarter.
The stock hit a high of Rs 130 and a low of Rs 126.05 so far during the day. The stock hit a 52-week high of Rs 1750 on 2 May 2008 and a 52-week low of Rs 86.45 on 12 March 2009.
The small-cap stock had underperformed the market over the past one month till 27 March 2009, falling 0.67% as compared to the Sensex's 13.01% rise. It had also underperformed the market in the past one quarter, declining 47.80% as compared to the Sensex's 7.71% rise.
The company's current equity is Rs 10.27 crore. Face value per share is Rs 5.
The current price of Rs 130 discounts the company's Q3 December 2008 annualized EPS of Rs 31.53, by a PE multiple of 4.12.
BL Kashyap & Sons' net profit fell 35.8% to Rs 16.19 crore on 12.1% fall in net sales to Rs 356.52 crore in Q3 December 2008 over Q3 December 2007.
The company offers a diversified range of construction and allied services to various corporates. It also undertakes turnkey projects that comprise civil construction, electrical, plumbing, fire fighting, air conditioning and other works.
The company had on 18 March 2009 announced that its Managing Director Vineet Kashyap has pledged 20.14 lakh equity shares or 9.81% of the total paid-up share capital of the company for personal purpose.
Vineet Kashyap held 23.58% stake in the company, while the total promoter's shareholding in the company stood at 70.79% as on 31 December 2008.
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