Vardhman Textiles jumped 9.91% to Rs 379.25 at 9:55 IST on BSE after net profit rose 33.90% to Rs 154.32 crore on 13.85% rise in net sales to Rs 1282.22 crore in Q4 March 2014 over Q4 March 2013.
The result was announced after market hours on Friday, 23 May 2014.
Meanwhile, the BSE Sensex was up 288.19 points, or 1.17%, to 24,981.54.
On BSE, so far 90,000 shares were traded in the counter, compared with an average volume of 21,284 shares in the past one quarter.
The stock hit a high of Rs 386.90 and a low of Rs 360.60 so far during the day. The stock hit a 52-week high of Rs 410.25 on 22 November 2013. The stock hit a 52-week low of Rs 241 on 27 May 2013.
The stock had underperformed the market over the past one month till 23 May 2014, rising 1.78% compared with 7.94% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 1.16% as against Sensex's 19.29% rise.
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The mid-cap company has an equity capital of Rs 63.65 crore. Face value per share is Rs 10.
Vardhman Textiles' net profit rose 101.37% to Rs 651.88 crore on 24.32% rise in net sales to Rs 5171.31 crore in the year ended March 2014 over the year ended March 2013.
Vardhman Group is a leading textile conglomerate in India. Spanning over 25 manufacturing facilities in five states across India, the group business portfolio includes yarn, greige and processed fabric, sewing thread, acrylic fibre and alloy steel.
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