Renaissance Jewellery hit an upper circuit limit of 20% at Rs 91.55 at 15:27 IST on BSE after consolidated net profit rose 183.80% to Rs 9.11 crore on 12.29% rise in net sales to Rs 302.86 crore in Q2 September 2015 over Q2 September 2014.
The result was announced after market hours on Friday, 30 October 2015.
The announcement was made during trading hours today, 2 November 2015.
Meanwhile, the BSE Sensex was down 80.99 points, or 0.30%, to 26,575.84.
On BSE, so far 1.56 lakh shares were traded in the counter, compared with an average volume of 7,481 shares in the past one quarter.
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The stock hit a low of Rs 79 in early trade. The stock hit a 52-week high of Rs 110 on 13 April 2015. The stock hit a 52-week low of Rs 57.90 on 17 December 2014.
The stock had outperformed the market over the past one month till 30 October 2015, rising 7.46% compared with 1.92% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 23.96% as against Sensex's 3.78% decline.
The small-cap company has an equity capital of Rs 19.08 crore. Face value per share is Rs 10.
Renaissance Jewellery announced during trading hours today, 2 November 2015, that it signed new licensing partnership with Hallmark Cards in the US.
Renaissance Jewellery said its US-based subsidiary, Verigold Jewelry, announced a licensing agreement with US-based Hallmark Cards, Inc. As part of this partnership, Verigold and Hallmark will launch the Heart of Hallmark jewelry collection this fall at approximately 150 JCPenney retail locations in the US.
The Heart of Hallmark collection is the first collection to launch under the Hallmark Diamonds brand. Each unique piece comes with premium gift packaging which includes a customizable card that individuals can sign and date as a keepsake of the gift, the company said.
In the US, Hallmark greeting cards and gifts are sold through leading mass retailers, the network of Hallmark Gold Crown specialty stores and online.
JCPenney is a chain of American mid-range department stores based in Plano, Texas. The company operates 1,060 department stores in 49 US states and Puerto Rico.
Renaissance Jewellery designs, manufactures and sells jewellery in gold, silver, platinum, studded with polished diamonds, semi precious and precious stones over a myriad product portfolio as rings, earrings, pendants, bracelets, necklaces, bangles, money clips, tie pins, cuff links, etc.
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