Gandhi Special Tubes surged 7.17% to Rs 337 at 9:53 IST on BSE after net profit rose 1.4% to Rs 8.85 crore on 6.9% growth in net sales to Rs 28.04 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 4 September 2017.Meanwhile, the S&P BSE Sensex was up 96.25 points or 0.3% at 31,798.61. The S&P BSE Small-Cap index rose 142.32 points or 0.89% at 16,172.47.
On the BSE, 2,104 shares were traded on the counter so far as against the average daily volumes of 1,478 shares in the past one quarter. The stock had hit a high of Rs 340 and a low of Rs 328 so far during the day. The stock had hit a record high of Rs 372.75 on 14 June 2017 and a 52-week low of Rs 280 on 11 August 2017.
The stock had outperformed the market over the past one month till 4 September 2017, advancing 0.16% compared with the Sensex's 1.93% fall. The stock had, however, underperformed the market over the past one quarter, sliding 4.89% as against the Sensex's 1.37% rise. The scrip had also underperformed the market over the past one year, declining 4.34% as against the Sensex's 11.11% rise.
The small-cap company has equity capital of Rs 7.35 crore. Face value per share is Rs 5.
Gandhi Special Tubes is engaged in manufacturing and marketing of seamless and welded steel tubes.
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