Mukand rose 3.01% to Rs 51.40 at 10:30 IST on BSE after the company reported net profit of Rs 10.26 crore in Q1 June 2016 compared with net loss of Rs 5.69 crore in Q1 June 2015.
The result was announced after market hours yesterday, 8 August 2016.Meanwhile, the S&P BSE Sensex was down 44.89 points or 0.16% at 28,137.68.
On BSE, so far 81,000 shares were traded in the counter as against average daily volume of 36,586 shares in the past one quarter. The stock hit a high of Rs 53.40 and a low of Rs 50.50 so far during the day. The stock had hit a 52-week high of Rs 55.80 on 31 December 2015. The stock had hit a 52-week low of Rs 27.50 on 19 February 2016. The stock had outperformed the market over the past one month till 8 August 2016, advancing 19.52% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 42.57% as against Sensex's 11.71% rise.
The small-cap company has equity capital of Rs 141.41 crore. Face value per share is Rs 10.
The company's net sales declined 0.2% to Rs 673.39 crore in Q1 June 2016 over Q1 June 2015.
Mukand is engaged in manufacture of alloy and stainless steel long products.
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