Grindwell Norton rose 3.52% to Rs 691.80 at 13:10 IST on BSE after consolidated net profit rose 13.8% to Rs 27.25 crore on 15.8% growth in net sales to Rs 295.58 crore in Q4 March 2015 over Q4 March 2014.
The Q4 result was announced after market hours yesterday, 14 May 2015.
Meanwhile, the S&P BSE Sensex was up 116.28 points or 0.43% at 27,322.34.
On BSE, so far 571 shares were traded in the counter as against average daily volume of 2,288 shares in the past one quarter.
The stock hit a high of Rs 691.80 and a low of Rs 680 so far during the day. The stock had hit a record high of Rs 774 on 7 April 2015. The stock had hit a 52-week low of Rs 307 on 14 May 2014.
The stock had underperformed the market over the past one month till 14 May 2015, sliding 7.8% compared with Sensex's 6.33% fall. The scrip had, however, outperformed the market in past one quarter, declining 3.72% as against Sensex's 6.49% fall.
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The small-cap company has equity capital of Rs 27.68 crore. Face value per share is Rs 5.
Grindwell Norton manufactures bonded, coated, non-woven abrasives, superabrasives, thin wheels and silicon carbide.
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