Hot Pursuit     20-Apr-16
Bulk buying from Morgan Stanley boosts Zee Learn
Zee Learn rose 3.37% to Rs 30.65 at 13:22 IST on BSE after Morgan Stanley Asia Singapore Pte bought a total of 45.90 lakh shares of the company through bulk deals on the BSE and NSE on Monday, 18 April 2016.

Meanwhile, the S&P BSE Sensex was down 12.64 points or 0.05% at 25,803.72.

On BSE, so far 1.07 lakh shares were traded in the counter as against average daily volume of 54,439 shares in the past one quarter. The stock hit a high of Rs 31.25 and a low of Rs 30.25 so far during the day. The stock had hit a 52-week high of Rs 46.80 on 4 December 2015. The stock had hit a 52-week low of Rs 28.65 on 25 February 2016. The stock had underperformed the market over the past one month till 18 April 2016, sliding 3.1% compared with Sensex's 3.46% rise. The scrip had also underperformed the market in past one quarter, advancing declining 9.6% as against Sensex's 6.73% rise.

The small-cap company has equity capital of Rs 32.06 crore. Face value per share is Rs 1.

Morgan Stanley Asia Singapore Pte bought 24.45 lakh shares of Zee Learn at Rs 30 per share in a bulk deal on the NSE on 18 April 2016. On the same day, it had also purchased 21.45 lakh shares at Rs 30 per share in a bulk deal on the BSE.

Zee Learn's net profit rose 108.3% to Rs 2.27 crore on 12.3% growth in net sales to Rs 22.29 crore in Q3 December 2015 over Q3 December 2014.

Zee Learn is one of the India's leading companies in education segment.

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