Ester Industries was locked at 5% upper circuit at Rs 15.42 at 12:25 IST on BSE after the company reported a net profit of Rs 1.27 crore in Q4 March 2014 as against net loss of Rs 7.37 crore in Q4 March 2013.
The Q4 result was announced after market hours on Wednesday, 21 May 2014.
Meanwhile, the S&P BSE Sensex was up 206.37 points or 0.85% at 24,504.39.
On BSE, so far 23,000 shares were traded in the counter as against average daily volume of 10716 shares in the past one quarter.
The stock hit a low of Rs 14.92 so far during the day. The stock had hit a 52-week high of Rs 16.75 on 5 November 2013. The stock had hit a 52-week low of Rs 6.56 on 2 August 2013.
The stock had outperformed the market over the past one month till 21 May 2014, surging 11.29% compared with the Sensex's 6.73% rise. The scrip had also outperformed the market in the past one quarter, jumping 32.46% as against the Sensex's 17.38% rise.
The small-cap company has equity capital of Rs 31.45 crore. Face value per share is Rs 5.
Ester Industries' net sales rose 12.4% to Rs 237.75 crore in Q4 March 2014 over Q4 March 2013.
Ester Industries' net profit surged 258.8% to Rs 8.37 crore on 5.5% growth in net sales to Rs 919.01 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
Ester Industries is one of the leading producers of polyester films and engineering plastic compounds.
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