Esab India rose 2.02% to Rs 485 at 10:50 IST on BSE after net profit declined 8.1% to Rs 8.45 crore on 0.5% growth in net sales to Rs 110.42 crore in the quarter ended 31 March 2014 over the quarter ended 31 March 2013.
The result was announced after market hours on Friday, 25 April 2014.
Meanwhile, the S&P BSE Sensex was down 20.50 points or 0.09% at 22,667.57.
On BSE, so far 901 shares were traded in the counter as against average daily volume of 2,321 shares in the past one quarter.
The stock hit a high of Rs 499.25 and a low of Rs 477.95 so far during the day. The stock had hit a 52-week high of Rs 508.90 on 22 April 2014. The stock had hit a 52-week low of Rs 310 on 20 August 2013.
The stock had outperformed the market over the past one month till 25 April 2014, advancing 6.41% compared with the Sensex's 2.87% rise. The scrip had also outperformed the market in past one quarter, jumping 8.05% as against Sensex's 7.36% rise.
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The small-cap company has equity capital of Rs 15.39 crore. Face value per share is Rs 10.
Esab India's board of directors at its meeting held on Friday, 25 April 2014, inter alia, has resolved that the current financial year would be for a period of 15 months from 1 January 2014 to 31 March 2015, to fall in line with Section 2 sub-section (41) of the Companies Act, 2013.
Esab India is one of the leading suppliers of welding and cutting products in India. The company's products are used in industries like shipbuilding, petrochemical, construction, transport, offshore, energy and repair and maintenance.
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