Hikal rose 3.21% to Rs 151 at 9:22 IST on BSE after net profit rose 32.44% to Rs 12.41 crore on 6.82% rise in net total income from operations to Rs 240.40 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 3 February 2016.Meanwhile, the BSE Sensex was up 211.76 points, or 0.87%, to 24,435.08.
On BSE, so far 6,817 shares were traded in the counter, compared with an average volume of 51,736 shares in the past one quarter. The stock hit a high of Rs 152.90 and a low of Rs 149.80 so far during the day. The stock hit a record high of Rs 178 on 24 December 2015. The stock hit a 52-week low of Rs 98 on 4 September 2015. The stock had underperformed the market over the past one month till 3 February 2016, sliding 13.12% compared with 7.41% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 17.51% as against Sensex's 8.90% fall.
The small-cap company has an equity capital of Rs 16.44 crore. Face value per share is Rs 2.
Hikal is engaged in research and development (R&D), manufacturing and marketing of fine chemicals for the pharmaceutical and agrochemical industries.
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