OCL India spurted 14.49% to Rs 602 at 14:40 IST on BSE after net profit surged 270.6% to Rs 133.53 crore on 24.2% growth in net sales to Rs 820.51 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 17 May 2016.Meanwhile, the S&P BSE Sensex was down 134.74 points or 0.52% at 25,638.87.
On BSE, so far 54,000 shares were traded in the counter as against average daily volume of shares in the past one quarter. The stock hit a high of Rs 628 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 581 so far during the day. The stock had hit a 52-week low of Rs 390 on 25 February 2016. The stock had outperformed the market over the past one month till 17 May 2016, gaining 6.44% compared with Sensex's 0.57% rise. The scrip had also outperformed the market in past one quarter, advancing 22.28% as against Sensex's 10.23% rise.
The small-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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