Universal Cables surged 14.17% to Rs 97.90 at 12:31 IST on BSE after the company reported net profit of Rs 11.94 crore in Q4 March 2016 compared with net loss of Rs 2.15 crore in Q4 March 2015.
The result was announced after market hours yesterday, 18 May 2016.Meanwhile, the S&P BSE Sensex was down 111.17 points or 0.43% at 25,593.44.
On BSE, so far 1.68 lakh shares were trading in the counter as against average daily volume of 10,272 shares in the past one quarter. The stock hit a high of Rs 101 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 92.10 so far during the day. The stock had hit a 52-week low of Rs 36.05 on 15 June 2015. The stock had outperformed the market over the past one month till 18 May 2016, gaining 6.39% compared with Sensex's 0.43% fall. The scrip had also outperformed the market in past one quarter, surging 27.04% as against Sensex's 8.69% rise.
The small-cap company has equity capital of Rs 34.70 crore. Face value per share is Rs 10.
Universal Cables' net sales rose 12.4% to Rs 214.46 crore in Q4 March 2016 over Q4 March 2015.
Universal Cables is engaged in the manufacturing of cables.
Powered by Capital Market - Live News