OM Metals Infraprojects surged 13.11% to Rs 59.55 at 10:51 IST on BSE after the company announced sale of its cineplex division for Rs 18 crore.
The announcement was made after market hours yesterday, 5 July 2017.Meanwhile, the S&P BSE Sensex was up 158.16 points or 0.51% at 31,403.72.
On the BSE, 1.16 lakh shares were traded in the counter so far as against average daily volume of 26,625 shares in the past one quarter. The stock hit a high of Rs 60.10 in intraday trade so far, which is 52-week high for the counter. The stock had hit a low of Rs 53.15 so far during the day. The stock had hit a 52-week low of Rs 38.30 on 22 March 2017.
The small-cap company has equity capital of Rs 9.63 crore. Face value per share is Re 1.
OM Metals Infraprojects said it has on 4 July 2017 sold its cineplex division, Om Cineplex Commercial Complex, for Rs 18 crore to Princess Infra and Development.
OM Metals Infraprojects' net profit fell 81.47% to Rs 1.31 crore on 5.56% fall in net sales to Rs 66.20 crore in Q4 March 2017 over Q4 March 2016.
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OM Metals Infraprojects has diverse business activities and interests related to hydro mechanical equipments, turn key solutions for steel fabrication, hydro power developments, real estate, entertainment centers and hotels.
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