Aarti Industries rose 3% to Rs 691.25 at 14:51 IST on BSE after the company said its board will meet on 17 October 2016, to consider proposal of buyback of equity shares of the company.
The announcement was made during market hours today, 10 October 2016.Meanwhile, the S&P BSE Sensex was up 31.13 points or 0.11% at 28,092.27.
On BSE, so far 20,000 shares were traded in the counter as against average daily volume of 9,545 shares in the past one quarter. The stock hit a high of Rs 694.70 so far during the day, which is a record high for the counter. The stock hit a low of Rs 665.85 so far during the day. The stock had hit a 52-week low of Rs 417 on 26 February 2016. The stock had outperformed the market over the past one month till 7 October 2016, surging 8.04% compared with 2.99% fall in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 25.3% as against Sensex's 3.16% rise.
The mid-cap company has equity capital of Rs 41.66 crore. Face value per share is Rs 5.
Aarti Industries' net profit rose 35.5% to Rs 82.51 crore on 2.2% growth in net sales to Rs 673.24 crore in Q1 June 2016 over Q1 June 2015.
Aarti Industries is one of the leading suppliers to global manufacturers of dyes, pigments, agrochemicals, pharmaceuticals & rubber chemicals.
Powered by Capital Market - Live News