Hot Pursuit     21-Feb-11
Anant Raj Industries slumps on speculation CBI quizzes chief in 2G scam
Anant Raj Industries lost 4.14% to Rs 72.90 at 11:09 IST on BSE, extending Friday's 19.61% slump, on reports the company's chief Amit Sarin has been questioned by the Central Bureau of Investigation in the 2G spectrum scam.

Meanwhile, the BSE Sensex was up 30.06 points, or 0.17%, to 18,241.58

On BSE, 19.42 lakh shares were traded in the counter as against an average daily volume of 1.87 lakh shares in the past one quarter.

The stock hit a.52-week low of Rs 66.15 in intra-day trade today, 21 February 2011. The stock had hit a high of Rs 80 so far during the day. The stock had hit a 52-week high of Rs 160 on 11 October 2010.

The mid-cap stock had underperformed the market over the past one month till 18 February 2011, sliding 23.49% compared with the Sensex's 4.61% fall. The scrip also underperformed the market in past one quarter, declining 39.98% as against 8.63% fall in the Sensex.

The company's current equity is Rs 59.02 crore. Face value per share is Rs 2.

The Anant Raj Industries stock had tumbled 19.61% to Rs 76.05 on massive volume of 34.83 lakh shares on Friday, 18 February 2011, on buzz the company's chief Amit Sarin has been questioned by the Central Bureau of Investigation in the 2G spectrum scam. There has been no official clarification from the company so far with regard to this media report.

Anant Raj Industries' consolidated net profit fell 25.1% to Rs 50.24 crore on 27.5% rise in net sales to Rs 124.38 crore in Q3 December 2010 over Q3 December 2009.

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