Graphite India rose 3.66% to Rs 215.50 at 14:20 IST on BSE after net profit spurted 167.97% to Rs 29.45 crore on 26.85% increase in total income to Rs 397.38 crore in Q1 June 2017 over Q1 June 2016.
The result was announced during market hours today, 4 August 2017.
Meanwhile, the S&P BSE Sensex was up 24.19 points, or 0.08% at 32,262.07. The S&P BSE Mid-Cap index was down 27.20 points, or 0.18% at 15,362.32.
High volumes were witnessed on the counter. On the BSE, 5.41 lakh shares were traded on the counter so far as against the average daily volumes of 1.60 lakh shares in the past one quarter. The stock had hit a high of Rs 218.50 so far during the day, which is also its record high. The stock hit a low of Rs 206.35 so far during the day. The stock had hit a 52-week low of Rs 70.10 on 30 September 2016.
The stock had outperformed the market over the past one month till 3 August 2017, advancing 12.65% compared with the Sensex's 3.25% rise. The scrip had also outperformed the market over the past one quarter advancing 69.65% as against the Sensex's 7.84% rise. The scrip had also outperformed the market over the past one year advancing 167.74% as against the Sensex's 16.39% rise.
The mid-cap company has equity capital of Rs 39.08 crore. Face value per share is Rs 2.
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Graphite India is engaged in the manufacture of graphite electrodes including carbon and graphite specialty products.
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