Hitachi Home & Life Solutions (India) jumped 5.55% to Rs 384.35 at 9:56 IST on BSE after net profit surged 202.3% to Rs 43.02 crore on 27.1% increase in net sales to Rs 595.94 crore in Q1 June 2014 over Q1 June 2013.
The result was announced after market hours on Monday, 21 July 2014.
Meanwhile, the BSE Sensex was up 110.22 points, or 0.43%, to 25,825.39.
On BSE, so far 1.33 lakh shares were traded in the counter, compared with an average volume of 41,340 shares in the past one quarter.
The stock hit a high of Rs 414 so far during the day, which is also a record low for the counter. The stock hit a low of Rs 376.10 so far during the day. The stock hit a 52-week low of Rs 99.35 on 5 August 2013.
The stock had outperformed the market over the past one month till 21 July 2014, rising 44.27% compared with 2.43% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 118.05% as against Sensex's 12.96% rise.
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The small-cap company has an equity capital of Rs 27.19 crore. Face value per share is Rs 10.
Hitachi Home & Life Solutions (India), a subsidiary of Hitachi Appliance Inc. It manufactures various kinds of products, including room air-conditioners, commercial air-conditioners, chillers and into trading of vrf systems, rooftops and refrigerators. The Japanese company has a 72.41% stake in the Indian outfit (as on 30 June 2014).
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