Supreme Petrochem surged 7.28% to Rs 425.65 at 11:13 IST on BSE after net profit rose 28.6% to Rs 69.89 crore on 6.3% growth in net sales to Rs 860.42 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 26 April 2017.Meanwhile, the S&P BSE Sensex was down 35.45 points or 0.12% at 30,097.90. The S&P BSE Mid-Cap index was up 39.82 points or 0.27% at 14,802.55.
On the BSE, 2.12 lakh shares were traded on the counter so far as against the average daily volumes of 22,015 shares in the past one quarter. The stock had hit a high of Rs 447.20 so far during the day, which is a record high. The stock hit a low of Rs 412.80 so far during the day.
The stock had hit a 52-week low of Rs 141.10 on 25 April 2016. It had outperformed the market over the past one month till 26 April 2017, advancing 31.14% compared with the Sensex's 2.42% rise. The scrip had also outperformed the market over the past one quarter, gaining 66.07% as against the Sensex's 8.75% rise.
The mid-cap company has equity capital of Rs 96.50 crore. Face value per share is Rs 10.
Supreme Petrochem manufactures styrene monomer and polystyrene.
Powered by Capital Market - Live News