Lanco Industries spurted 11.75% to Rs 20.45 at 9:29 IST on BSE after the company reported a net profit of Rs 9.76 crore in Q2 September 2013 compared with a net loss of Rs 11.95 crore in Q2 September 2012.
The result was announced after market hours on Monday, 28 October 2013.
Meanwhile, the BSE Sensex was up 2.06 points, or 0.01%, to 20,572.34.
On BSE, 17,000 shares were traded in the counter compared with average volume of 6,346 shares in the past one quarter.
The stock hit a high of Rs 20.75 and a low of Rs 19.70 so far during the day. The stock hit a 52-week high of Rs 30.25 on 4 December 2012. The stock hit a 52-week low of Rs 13.35 on 5 August 2013.
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The stock had underperformed the market over the past one month till 28 October 2013, rising 1.39% compared with the Sensex's 4.27% rise. The scrip had, however, outperformed the market in past one quarter, rising 23.23% as against Sensex's 4.16% rise.
The small-cap company has an equity capital of Rs 39.76 crore. Face value per share is Rs 10.
Net sales rose 20.8% to Rs 264.05 crore in Q2 September 2013 over Q2 September 2012.
Lanco Industries manufactures ductile iron pipes. It also produces pig iron and cement.
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