Mukand jumped 9.1% to Rs 37.75 at 15:21 IST on BSE after the company reported net profit of Rs 6.02 crore in Q4 March 2016 compared with net loss of Rs 4.07 crore in Q4 March 2015.
The result was announced during market hours today, 23 May 2016.Meanwhile, the S&P BSE Sensex was down 84.31 points or 0.33% at 25,217.59.
On BSE, so far 1.98 lakh shares were traded in the counter as against average daily volume of 13,325 shares in the past one quarter. The stock hit a high of Rs 40.25 and a low of Rs 34.15 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 underperformed the market over the past one month till 20 May 2016, declining 8.71% compared with Sensex's 2.1% fall. The scrip had, however, outperformed the market in past one quarter, surging 19.52% as against Sensex's 6.72% rise.
The small-cap company has equity capital of Rs 141.41 crore. Face value per share is Rs 10.
Mukand's total income from operations rose 3.01% to Rs 679.17 crore in Q4 March 2016 over Q4 March 2015.
Mukand is engaged in manufacture of alloy and stainless steel long products.
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