PI Industries spurted 14.23% to Rs 189.50 at 10:32 IST on BSE after net profit jumped 114.1% to Rs 55.29 crore on 54.7% growth in net sales to Rs 461.14 crore in Q2 September 2013 over Q2 September 2012.
The Q2 result was announced after market hours on Wednesday, 23 October 2013.
Meanwhile, the S&P BSE Sensex was up 228.54 points or 1.1% at 20,996.42.
On BSE, 1.05 lakh shares were traded in the counter as against average daily volume of 10,476 shares in the past one quarter.
The stock hit a high of Rs 198 so far during the day, which is also its record high for the counter. The stock hit a low of Rs 171 so far during the day. The stock had hit a 52-week low of Rs 95.20 on 30 October 2012.
The stock had outperformed the market over the past one month till 23 October 2013, surging 15.13% compared with the Sensex's 4.36% rise. The scrip had also outperformed the market in past one quarter, jumping 28.26% as against Sensex's 2.29% rise.
The small-cap company has equity capital of Rs 13.61 crore. Face value per share is Re 1.
PI Industries focuses on Agri-Input and Custom Synthesis. PI Industries currently operates three formulation and two manufacturing facilities as well as four multi-product plants under its three manufacturing locations across Jammu and Gujarat.
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