Mirc Electronics was locked in 20% upper circuit at Rs 10.87 at 14:32 IST on BSE after the company reported net profit of Rs 5.40 crore in Q4 March 2015 as against net loss of Rs 6.55 crore in Q4 March 2014.
The Q4 result was announced after market hours yesterday, 7 May 2015.
Meanwhile, the S&P BSE Sensex was up 537.06 points or 2.02% at 27,136.17
On BSE, so far 4.75 lakh shares were traded in the counter as against average daily volume of 2.87 lakh shares in the past one quarter.
The stock hit a high of Rs 10.87 and a low of Rs 9.45 so far during the day. The stock had hit a 52-week high of Rs 13.50 on 13 February 2015. The stock had hit a 52-week low of Rs 4.50 on 5 June 2014.
The stock had underperformed the market over the past one month till 7 May 2015, falling 13.14% compared with 6.72% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 21.29% as against Sensex's 7.38% fall.
Mirc Electronics' total income from operations declined 21.6% to Rs 243.27 crore in Q4 March 2015 over Q4 March 2014.
Mirc Electronics makes electronic products such as television sets, LCD TVs, LED TVs, washing machines, air conditioners, DVDs and Microwave Ovens under the Onida brand. The company also makes mobiles phones under the Onida brand.
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