Hindustan Composites rose 16.13% to Rs 1,540 at 11:02 IST on BSE after net profit rose 94.79% to Rs 12.35 crore on 41.82% rise in net sales to Rs 51.07 crore in Q1 June 2016 over Q1 June 2015.
The result was announced after market hours yesterday, 8 September 2016.Meanwhile, the BSE Sensex was down 227.01 points, or 0.78%, to 28,818.27.
On BSE, so far 6,161 shares were traded in the counter, compared with average daily volume of 343 shares in the past one quarter. The stock hit a high of Rs 1,591.25 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 1,399 so far during the day. The stock hit a 52-week low of Rs 750 on 8 April 2016. The stock had underperformed the market over the past 30 days till 8 September 2016, rising 3.68% compared with 4.57% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 18.61% as against Sensex's 9.05% rise.
The small-cap company has equity capital of Rs 4.92 crore. Face value per share is Rs 10.
Hindustan Composites is a pioneer in the development, manufacture & marketing of industrial products and friction materials in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
