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Ester Industries jumps after strong Q2 results

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Capital Market
Last Updated : Nov 03 2015 | 12:28 PM IST

Ester Industries surged 6.94% to Rs 60.90 at 11:25 IST on BSE after net profit jumped 336.3% to Rs 3.97 crore on 16.4% decline in net sales to Rs 199.90 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 2 November 2015.

Meanwhile, the S&P BSE Sensex was up 122.26 points or 0.46% at 26,681.41.

On BSE, so far 1.11 lakh shares were traded in the counter as against average daily volume of 1.61 lakh shares in the past one quarter.

The stock hit a high of Rs 61.25 and a low of Rs 56.10 so far during the day. The stock had hit a 52-week high of Rs 72.75 on 12 October 2015. The stock had hit a 52-week low of Rs 15.10 on 27 March 2015.

The stock had outperformed the market over the past one month till 2 November 2015, surging 24.07% compared with Sensex's 1.29% rise. The scrip had also outperformed the market in past one quarter, galloping 100.18% as against Sensex's 5.53% fall.

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The small-cap has equity capital of Rs 41.70 crore. Face value per share is Rs 5.

Ester Industries is one of the leading producers of polyester films and engineering plastic compounds.

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First Published: Nov 03 2015 | 11:25 AM IST

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