Nilkamal spurted 10.79% to Rs 233.65 at 10:18 IST on BSE after net profit surged 194.99% to Rs 14.13 crore on 5.17% rise in net sales to Rs 461.05 crore in Q4 March 2014 over Q4 March 2013.
The result was announced after market hours on Wednesday, 14 May 2014.
Meanwhile, the BSE Sensex was up 37.74 points, or 0.16%, to 23,852.86.
On BSE, so far 77,000 shares were traded in the counter, compared with an average volume of 15,193 shares in the past one quarter.
The stock hit a high of Rs 242 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 225 so far during the day. The stock hit a 52-week low of Rs 94.75 on 29 August 2013.
The stock had outperformed the market over the past one month till 14 May 2014, rising 8.52% compared with 5.24% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 51.78% as against Sensex's 16.93% rise.
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The small-cap company has an equity capital of Rs 14.92 crore. Face value per share is Rs 10.
Nilkamal's net profit rose 28.34% to Rs 40.03 crore on 2.86% rise in net sales to Rs 1645.95 crore in the year ended March 2014 over the year ended March 2013.
In its outlook, Nilkamal said that inspite of the sluggish demand, volatility in raw material prices, slow paced inflation and the increased pressure of the unorganised market in the plastics sector, the company anticipates to come around more strongly in the year ending March 2015.
Nilkamal operates five key businesses viz. material handling crates, containers and bins, moulded furniture such as chairs, tables and cabinets, custom mouldings & OEM supplies for specific customers, the Mega Home Store Retail Chain and service products for hospitality industry.
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