EPC Industrie gained 1.52% to Rs 187 at 14:00 IST on BSE after the company said its registration for participating in State Sponsored Horticulture Subsidy Scheme was reinstated.
The announcement was made during market hours today, 30 June 2017.Meanwhile, the S&P BSE Sensex was down 58.10 points or 0.19% at 30,799.42. The S&P BSE Small-Cap index was down 12.73 points or 0.08% at 15,297.48.
On the BSE, 14,823 shares were traded on the counter so far as against the average daily volumes of 97,167 shares in the past one quarter. The stock had hit a high of Rs 187 and a low of Rs 182.35 so far during the day. The stock had hit a 52-week high of Rs 205 on 19 June 2017. The stock had hit a 52-week low of Rs 122 on 27 December 2016.
The stock had outperformed the market over the past one month till 29 June 2017, gaining 12.9% compared with 0.81% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 28.54% as against Sensex's 4.49% gains. The scrip had, however, underperformed the market in past one year, dropping 0.27% as against Sensex's 15.4% gains.
The mid-cap company has equity capital of Rs 27.67 crore. Face value per share is Rs 10.
EPC Industrie has received an order dated 29 June 2017 from the Director Horticulture and Farm Forestry, Madhya Pradesh, evacuating the order dated 28 March 2017 in respect of de-registering the company from participating in State Sponsored Horticulture Subsidy Scheme in the country for a period of 1 year.
The Director Horticulture and Farm Forestry vide the order dated 29 June 2017 has evacuated and cancelled the earlier order dated 28 March 2017 and reinstated the company's registration for participating in State Sponsored Horticulture Subsidy Scheme in the country.
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EPC Industrie's net profit fell 17.3% to Rs 3.29 crore on 2.5% decline in net sales to Rs 55.38 crore in Q4 March 2017 over Q4 March 2016.
EPC is a Mahindra group company and is a pioneer of micro-irrigation in India. EPC provides complete solution for agriculture with a focus on micro-irrigation,
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