Esab India surged 7.19% to Rs 600 at 11:15 IST on BSE after the company reported a net profit of Rs 9.37 crore in the quarter ended 31 March 2016 compared with net loss of Rs 1.38 crore in the quarter ended 31 March 2015.
The result was announced after market hours yesterday, 19 May 2016.Meanwhile, the S&P BSE Sensex was up 48.89 points or 0.19% at 25,448.61.
On BSE, so far 3,152 shares were traded in the counter as against average daily volume of 862 shares in the past one quarter. The stock hit a high of Rs 630 and a low of Rs 571 so far during the day. The stock had hit a 52-week high of Rs 729 on 25 May 2015. The stock had hit a 52-week low of Rs 435 on 17 February 2016. The stock had outperformed the market over the past one month till 19 May 2016, sliding 0.27% compared with Sensex's 1.61% fall. The scrip had also outperformed the market in past one quarter, advancing 19.67% as against Sensex's 7.13% rise.
The small-cap company has equity capital of Rs 15.39 crore. Face value per share is Rs 10.
Esab India's net sales rose 7.7% to Rs 113.34 crore in the quarter ended 31 March 2016 over the quarter ended 31 March 2015.
Esab India is one of the leading suppliers of welding and cutting products in the country.
Powered by Capital Market - Live News
