Vindhya Telelinks was locked at 20% upper circuit at Rs 717.40 at 15:00 IST on BSE after net profit surged 277.21% to Rs 36.20 crore on 77.87% rise in net total income from operations to Rs 253.59 crore in A4 March 2015 over Q4 March 2014.
The company announced Q4 results on Saturday, 16 May 2015.
Meanwhile, the S&P BSE Sensex was up 251.28 points or 0.92% at 27,578.76.
On BSE, so far 34,872 shares were traded in the counter as against average daily volume of 2,739 shares in the past one quarter.
The stock was locked at a high of Rs 717.40, also a record high for the stock. The stock hit a low of Rs 660 so far during the day. The stock had hit a 52-week low of Rs 140.05 on 16 May 2014.
The stock had outperformed the market over the past one month till 15 May 2015, rising 15.34% compared with Sensex's 5.12% fall. The scrip had also outperformed the market in past one quarter, gaining 18.48% as against Sensex's 6.09% fall.
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The small-cap firm has equity capital of Rs 11.85 crore. Face value per share is Rs 10.
Vindhya Telelinks said that the board of directors of the company at its meeting held on 16 May 2015, has recommended a dividend at the rate of Rs 5 per equity share for the year ended 31 March 2015 (FY 2015).
Vindhya Telelinks said that the board of directors of the company at its meeting held on 16 May 2015, has re-appointed Y.S.Lodha as the Managing Director of the company for a further period of 5 years with effect from 4 November 2015, subject to approval of the members at the ensuing Annual General Meeting.
Vindhya Telelinks is the outcome of a public-private joint venture between Universal Cables and the Madhya Pradesh State Industrial Development Corporation. Today, Vindhya Telelinks has emerged a leading manufacturer & supplier of Jelly Filled Telecommunication Cables, as well as of Optical Fiber Telecommunication Cables.
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