Elantas Beck India rose 4.59% to Rs 1,522 at 13:21 IST on BSE, extending yesterday's gains triggered by the company's good Q1 results.
The result was announced after market hours on Tuesday, 10 May 2016. Shares of Elantas Beck India rose 8.64% to Rs 1,455.25 yesterday, 11 May 2016. The stock has risen 13.62% in two consecutive trading sessions from its close of Rs 1,339.50 on 10 May 2016.Meanwhile, the BSE Sensex was up 132.91 points, or 0.52%, to 25,729.93 .
On BSE, so far 12,000 shares were traded in the counter, compared with an average volume of 2,370 shares in the past one quarter. The stock hit a high of Rs 1,564.75 and a low of Rs 1,460 so far during the day. The stock hit a 52-week high of Rs 1,605 on 1 January 2016. The stock hit a 52-week low of Rs 970.50 on 12 June 2015. The stock had outperformed the market over the past one month till 11 May 2016, rising 12.18% compared with 2.30% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.51% as against Sensex's 11.52% rise.
The small-cap company has an equity capital of Rs 7.93 crore. Face value per share is Rs 10.
Elantas Beck India net profit rose 56.3% to Rs 13.49 crore on 13.4% growth in net sales to Rs 90.80 crore in Q1 March 2016 over Q1 March 2015.
Elantas Beck India manufactures a wide range of specialty chemicals for electrical insulation and construction industries.
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