Sicagen India rose 17.09% to Rs 45.90 at 9:45 IST on BSE after consolidated net profit jumped 120.44% to Rs 6.04 crore on 29.60% rise in net sales to Rs 196.69 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 17 May 2017.Meanwhile, the S&P BSE Sensex was down 117.83 points, or 0.38% to 30,540.94.
On the BSE, 1.26 lakh shares were traded in the counter so far, compared with average daily volumes of 84,749 shares in the past one quarter. The stock had hit a high of Rs 46.35 and a low of Rs 42.20 so far during the day. The stock hit a 52-week high of Rs 47.25 on 9 May 2017. The stock hit a 52-week low of Rs 17 on 2 June 2016.
The stock had outperformed the market over the past one month till 17 May 2017, rising 25.84% compared with 4.57% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 52.83% as against Sensex's 8.33% rise.
The small-cap company has equity capital of Rs 39.57 crore. Face value per share is Rs 10.
On a consolidated basis, Sicagen India's net profit jumped 598.11% to Rs 7.40 crore on 18.34% rise in net sales to Rs 710.86 crore in the year ended March 2017 over the year ended March 2016.
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Sicagen India's core business is trading of building materials such as steel pipes and fittings, construction and structural steel, stainless steel sheets, pipes and fittings, cables, PVC/HDPE pipes and fittings and cement.
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