Orient Bell surged 5.5% to Rs 329.75 at 12:12 IST on BSE after 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.
The result was announced after market hours yesterday, 30 January 2018.Meanwhile, the S&P BSE Sensex was down 112.51 points or 0.31% at 35,921.22. The S&P BSE Small-Cap index fell 0.38%, underperforming the Sensex.
On the BSE, 12,000 shares were traded on the counter so far as against average daily volumes of 6,621 shares in the past one quarter. The stock had hit a high of Rs 347.25 and a low of Rs 317.65 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 30 January 2018, sliding 0.32% compared with the Sensex's 5.8% rise. The stock had also underperformed the market over the past one quarter, advancing 1.53% as against the Sensex's 8.32% rise. The scrip had, however, outperformed the market over the past one year, surging 90.58% as against the Sensex's 29.39% rise.
The small-cap company has equity capital of Rs 14.23 crore. Face value per share is Rs 10.
Orient Bell manufactures ceramic and vitrified tiles.
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