KRBL rose 1.71% to Rs 41.65 at 11:28 IST on BSE after consolidated net profit surged 241.7% to Rs 71.08 crore on 40.9% growth in net sales to Rs 703.60 crore in Q3 December 2013 over Q3 December 2012.
The Q3 result was announced after market hours on Thursday, 16 January 2014.
Meanwhile, the S&P BSE Sensex was down 99.17 points or 0.47% at 21,166.01.
The stock rose on high volumes. On BSE, so far 6.96 lakh shares were traded in the counter as against average daily volume of 1.84 lakh shares in the past one quarter.
The stock hit high of Rs 43.10 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 40.60 so far during the day. The stock had hit a 52-week low of Rs 19.40 on 31 July 2013.
The stock had outperformed the market over the past one month till 16 January 2014, advancing 28.57% compared with the Sensex's 2.93% rise. The scrip had also outperformed the market in past one quarter, surging 44.44% as against Sensex's 3.49% gain.
The small-cap company has equity capital of Rs 23.82 crore. Face value per share is Re 1.
KRBL is a leading Basmati exporter. The company has its wings spread across all the Basmati eating regions like Asia, Middle East, Europe, USA, Canada and Africa.
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