Simplex Realty hit an upper circuit limit of 20% at Rs 112.20 at 13:21 IST on BSE after net profit surged 5764.29% to Rs 8.21 crore in Q4 March 2014 as against Rs 0.14 crore in Q4 March 2013.
The company announced the result on Saturday, 10 May 2014.
Meanwhile, the BSE Sensex was up 416.27 points, or 1.81%, to 23,410.50.
On BSE, so far 2,352 shares were traded in the counter, compared with an average volume of 488 shares in the past one quarter.
The stock opened with an upward gap, surging by the maximum 20% daily circuit and remained locked at the 20% level at Rs 112.20 so far in the day. The stock hit a 52-week high of Rs 125 on 29 October 2013. The stock hit a 52-week low of Rs 71.30 on 16 July 2013.
The stock had underperformed the market over the past one month till 9 May 2014, sliding 4.83% compared with 1.29% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 2.60% as against Sensex's 12.85% rise.
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The small-cap real estate developer has an equity capital of Rs 2.99 crore. Face value per share is Rs 10.
Simplex Realty's net sales stood at Rs 35.03 crore in Q4 March 2014. No sales were reported in Q4 March 2013.
Net profit surged 592.42% to Rs 9.14 crore in the year ended March 2014 as against Rs 1.32 crore in the year ended March 2013. Net sales stood at Rs 35.03 crore in the year ended March 2014. No sales were reported in the year ended March 2013.
Simplex Realty is developing medium/high-end residential and commercial projects in Mumbai, Thane, Bangalore and Pune.
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