Graphite India jumped 5.61% to Rs 157.10 at 12:43 IST on BSE, with the stock extending recent strong gains.
Meanwhile, the S&P BSE Sensex was up 181.63 points, or 0.58% at 31,465.27. The S&P BSE Small-Cap index was up 83.46 points, or 0.53% at 15,779.73.
High volumes were witnessed on the counter. On the BSE, 3.15 lakh shares were traded on the counter so far as against the average daily volumes of 61,603 shares in the past one quarter. The stock had hit a high of Rs 160.20 so far during the day, which is also its record high. The stock hit a low of Rs 149.25 so far during the day. The stock had hit a 52-week low of Rs 70.10 on 30 September 2016.
The stock had outperformed the market over the past one month till 21 June 2017, advancing 31.12% compared with the Sensex's 2.69% rise. The scrip had also outperformed the market over the past one quarter advancing 32.82% as against the Sensex's 6.1% rise. The scrip had also outperformed the market over the past one year advancing 98.2% as against the Sensex's 16.67% rise.
The small-cap company has equity capital of Rs 39.08 crore. Face value per share is Rs 2.
Shares of Graphite India surged 33.76% in eight trading sessions to its current ruling price of Rs 157.10, from a close of Rs 117.45 on 12 June 2017.
Graphite India's net profit spurted 117% to Rs 61.97 crore on 7.2% increase in net sales to Rs 366.22 crore in Q4 March 2017 over Q4 March 2016.
Graphite India is engaged in the manufacture of graphite electrodes including carbon and graphite specialty products.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
