Kalyani Steels was locked in 20% upper circuit filter at Rs 226.90 at 14:45 IST on BSE after net profit surged 61.95% to Rs 46.79 crore on 14.27% growth in total income from operations (net) to Rs 344.97 crore in Q1 June 2016 over Q1 June 2015.
The result was announced during market hours today, 25 July 2016.Meanwhile, the S&P BSE Sensex was up 260.11 points or 0.94% at 28,063.35
On BSE, so far 5.72 lakh shares were traded in the counter as against average daily volume of 52,192 shares in the past one quarter. The stock hit a high of Rs 226.90 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 187.85 so far during the day. The stock had hit a 52-week low of Rs 117 on 21 October 2015. The stock had underperformed the market over the past one month till 22 July 2016, rising 1.78% compared with Sensex's 3.88% rise. The scrip, however, outperformed the market in past one quarter, advancing 9.24% as against Sensex's 7.61% rise.
The small-cap company has equity capital of Rs 21.83 crore. Face value per share is Rs 5.
Kalyani Steels is engaged in manufacturing and marketing iron and steel products.
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