Rajshree Sugars & Chemicals surged 9.53% to Rs 57.45 at 11:03 IST on BSE after net profit jumped 141.76% to Rs 18.18 crore on 46.37% rise in net sales to Rs 201.59 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after trading hours yesterday, 28 August 2017.Meanwhile, the S&P BSE Sensex was down 255.18 points or 0.8% at 31,495.64. The S&P BSE Small-Cap index was down 69.53 points, or 0.44% to 15,748.02.
On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 12,412 shares in the past one quarter. The stock hit a high of Rs 58.90 and a low of Rs 55.65 so far during the day. The stock had hit a 52-week high of Rs 77.80 on 2 February 2017. The stock had hit a 52-week low of Rs 47 on 6 September 2016.
The stock had outperformed the market over the past one month till 28 August 2017, sliding 1.69% compared with the Sensex's 1.73% fall. The scrip had also underperformed the market over the past one quarter, declining 13.38% as against the Sensex's 2.33% rise. The scrip had also underperformed the market over the past one year, declining 6.82% as against the Sensex's 14.28% rise.
The small-cap company has equity capital of Rs 28.17 crore. Face value per share is Rs 10.
Rajshree Sugars & Chemicals has interests across integrated fields such as sugar, distillery, power and biotechnology.
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