Advani Hotels & Resorts (India) was locked at 20% upper circuit at Rs 57.65 at 10:29 IST on BSE after net profit rose 79% to Rs 4.23 crore on 18% rise in operational income to Rs 17.14 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 16 May 2016.Meanwhile, the S&P BSE Sensex was up 149.49 points or 0.58% at 25,802.72.
On BSE, so far 7,584 shares were traded in the counter as against average daily volume of 2,751 shares in the past one quarter. The stock hit a low of Rs 54 so far during the day. The stock had hit a 52-week high of Rs 66 on 21 July 2015. The stock had hit a 52-week low of Rs 40.25 on 9 June 2015. The stock had outperformed the market over the past one month till 16 May 2016, gaining 4.38% compared with the Sensex's 0.1% rise. The scrip had, however, underperformed the market in past one quarter, advancing 2.15% as against Sensex's 10.61% rise.
The small-cap company has equity capital of Rs 9.24 crore. Face value per share is Rs 2.
Advani Hotels & Resorts (India) operates hotel and resort in Goa.
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