Solar Industries India rose 2.23% to Rs 845.80 at 15:18 IST on BSE after a bulk deal of 3.45 lakh shares was executed on the scrip at Rs 815 per share at 10:45 IST on BSE.
Meanwhile, the S&P BSE Sensex was down 11.04 points or 0.04% at 31,358.30. The S&P BSE Mid-Cap index was down 2.55 points or 0.02% at 14,944.80.
Bulk deal boosted volume on the scrip. On BSE, so far 3.78 lakh shares were traded in the counter as against average daily volume of 16,111 shares in the past one quarter. The stock hit a high of Rs 906.60 and a low of Rs 815 so far during the day. The stock had hit a record high of Rs 909 on 5 April 2017. The stock had hit a 52-week low of Rs 589.50 on 22 August 2016.
The stock had underperformed the market over the past one month till 6 July 2017, falling 0.6% compared with 0.31% rise in the Sensex. The scrip underperformed the market in past one quarter, falling 0.52% as against Sensex's 5.60% rise. The scrip, however, outperformed the market in past one year, gaining 26.50% as against Sensex's 15.32% rise.
The mid-cap company has equity capital of Rs 18.10 crore. Face value per share is Rs 2.
Solar Industries India consolidated net profit rose 26.8% to Rs 54.93 crore on 7.22% rise in total income to Rs 446.47 crore in Q4 March 2017 over Q4 March 2016.
Solar Industries India manufactures and exports civilian explosives and detonators.
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