OCL India rose 1.68% to Rs 1,223 at 11:01 IST on BSE after net profit rose 10.8% to Rs 117.24 crore on 17% increase in net sales to Rs 829.31 crore in Q1 June 2017 over Q1 June 2016.
The result was announced on Saturday, 5 August 2017.
Meanwhile, the S&P BSE Sensex was up 61.52 points, or 0.19% at 32,386.93. The S&P BSE Mid-Cap index was up 151.41 points, or 0.98% at 15,588.36.
On the BSE, 743 shares were traded on the counter so far as against the average daily volumes of 3,122 shares in the past one quarter. The stock had hit a high of Rs 1,235.10 and a low of Rs 1,223 so far during the day. The stock had hit a record high of Rs 1,319.40 on 19 July 2017 and a 52-week low of Rs 650 on 26 December 2016.
The stock had underperformed the market over the past one month till 4 Aug 2017, declining 2.16% compared with the Sensex's 3.57% rise. The scrip had, however, outperformed the market over the past one quarter advancing 16.76% as against the Sensex's 7.3% rise. The scrip had also outperformed the market over the past one year advancing 70.28% as against the Sensex's 16.64% rise.
The mid-cap company has equity capital of Rs 11.38 crore. Face value per share is Rs 2.
OCL India is in the business of cement and refractories.
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