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La Opala RG spurts after good Q4 earnings

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Capital Market
Last Updated : May 14 2015 | 12:01 AM IST

La Opala RG rose 12.28% to Rs 428 at 10:06 IST on BSE after net profit rose 24.74% to Rs 10.64 crore on 25.73% rise in net sales to Rs 60.35 crore in Q4 March 2015 over Q4 March 2014.

The result was announced after market hours yesterday, 12 May 2015.

Meanwhile, the BSE Sensex was up 379.37 points, or 1.41%, to 27,256.85.

On BSE, so far 82,000 shares were traded in the counter, compared with an average volume of 7,090 shares in the past one quarter.

The stock hit a high of Rs 434.40 and a low of Rs 389.50 so far during the day. The stock hit a record high of Rs 502.80 on 15 April 2015. The stock hit a 52-week low of Rs 172 on 16 May 2014.

The stock had underperformed the market over the past one month till 12 May 2015, sliding 19.90% compared with 6.93% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.44% as against Sensex's 6.69% fall.

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The small-cap company has an equity capital of Rs 11.10 crore. Face value per share is Rs 2.

La Opala RG's net profit rose 39.37% to Rs 41.74 crore on 25.40% rise in net sales to Rs 218.99 crore in the year ended March 2015 over the year ended March 2014.

La Opala RG manufactures and markets life style products in tableware segment. The company deals with glass and glassware. The company's brands include Laopala, Diva From Laopala and Solitaire.

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First Published: May 13 2015 | 10:01 AM IST

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