Kalyani Steels surged 10.25% to Rs 146.30 at 15:20 IST on BSE after net profit rose 29.38% to Rs 29.46 crore on 0.91% growth in total income from operations (net) to Rs 318.16 crore in Q2 September 2015 over Q2 September 2014.
The result was announced during market hours today, 30 October 2015.
Meanwhile, the S&P BSE Sensex was down 180.82 points or 0.67% at 26,657.32.
On BSE, so far 3.01 lakh shares were traded in the counter as against average daily volume of 55,613 shares in the past one quarter.
The stock hit a high of Rs 148.90 and a low of Rs 132.40 so far during the day. The stock had hit a 52-week high of Rs 179.10 on 7 November 2014. The stock had hit a 52-week low of Rs 105.50 on 3 June 2015.
The stock had outperformed the market over the past one month till 29 October 2015, gaining 5.07% compared with the Sensex's 4.11% rise. The scrip had, however, underperformed the market in past one quarter, sliding 3.63% as against Sensex's 2.63% fall.
The small-cap company has equity capital of Rs 21.83 crore. Face value per share is Rs 5.
Kalyani Steels is engaged in manufacturing and marketing iron and steel products.
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