Bannari Amman Sugars gained 4.77% to Rs 1,970 at 10:22 IST after net profit jumped 1090.55% to Rs 45.36 crore on 57.69% rise in total income from operations to Rs 588.17 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 23 November 2016.Meanwhile, the S&P BSE Sensex was down 94.83 points or 0.36% at 25,956.98
On BSE, so far 570 shares shares were traded in the counter as against average daily volume of 2,013 shares in the past one quarter. The stock hit a high of Rs 2,023.95 and a low of Rs 1,957.30 so far during the day. The stock had hit a record high of Rs 2,242.25 on 28 June 2016. The stock had hit a 52-week low of Rs 940.50 on 12 February 2016.
The small-cap sugar company has an equity capital of Rs 11.44 crore. Face value per share is Rs 10.
Bannari Amman Sugars said that the High Court of Judicature at Madras on 15 November 2016 has passed an Order sanctioning the Scheme of Amalgamation of Madras Sugars with the company. The appointed date for the Scheme of Amalgamation is 1 January 2016, Bannari Amman Sugars said. The company have filed the certified copy of the scheme of amalgamation with the Registrar of Companies on 23 November 2016, it added.
Bannari Amman Sugars manufactures sugar.
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