Orient Bell rose 1.3% to Rs 330.50 at 10:42 IST on BSE, with the stock extending yesterday's gains triggered by the company reporting strong Q3 results.
Meanwhile, the S&P BSE Sensex was up 165.72 points or 0.46% at 36,130.74. The S&P BSE Small-Cap index advanced 0.51%, outperforming the Sensex.
On the BSE, 2,570 shares were traded on the counter so far as against average daily volumes of 6,841 shares in the past one quarter. The stock had hit a high of Rs 339.05 and a low of Rs 325.30 so far during the day. The stock had hit a record high of Rs 375.30 on 19 September 2017 and a 52-week low of Rs 156 on 9 March 2017.
The stock had underperformed the market over the past one month till 31 January 2018, gaining 4.05% compared with the Sensex's 5.6% rise. The stock had also underperformed the market over the past one quarter, advancing 5.17% as against the Sensex's 8.29% rise. The scrip had, however, outperformed the market over the past one year, surging 100.15% as against the Sensex's 30.04% rise.
The small-cap company has equity capital of Rs 14.23 crore. Face value per share is Rs 10.
Shares of Orient Bell have risen 5.74% in two trading sessions to its ruling price, from its close of Rs 312.55 on 30 January 2018, after the company reported strong Q3 results after market hours on 30 January 2018. The stock had advanced 4.38% to settle at Rs 326.25 yesterday, 31 January 2018.
Orient Bell's net profit rose 58.6% to Rs 4.25 crore on 16.8% growth in net sales to Rs 165.53 crore in Q3 December 2017 over Q3 December 2016.
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Orient Bell manufactures ceramic and vitrified tiles.
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