Ricoh India hit an upper circuit limit of 20% at Rs 344.20 at 14:12 IST on BSE after the company reported net profit of Rs 10.55 crore in Q3 December 2014 as against net loss of Rs 0.21 crore in Q3 December 2013.
The result was announced during trading hours today, 11 February 2015.
Meanwhile, the BSE Sensex was up 181.15 points, or 0.64%, to 28,536.77.
On BSE, so far 6.60 lakh shares were traded in the counter, compared with an average volume of 50,156 shares in the past one quarter.
The stock hit a high of Rs 344.20 and a low of Rs 286.10 so far during the day. The stock hit a record high of Rs 349 on 25 November 2014. The stock hit a 52-week low of Rs 112.05 on 20 June 2014.
The stock had underperformed the market over the past one month till 10 February 2015, falling 9.88% compared with 3.27% rise in the Sensex. The scrip had also underperformed the market in past one quarter, rising 0.53% as against Sensex's 1.73% rise.
The small-cap company has an equity capital of Rs 39.77 crore. Face value per share is Rs 10.
Ricoh India's net sales rose 80.35% to Rs 409.02 crore in Q3 December 2014 over Q3 December 2013.
Ricoh India is a 73.6% owned subsidiary of Japan's Ricoh Co. Ricoh India manufactures imaging products. Its product line consists of photo copiers, photo copying apparatus, facsimile machine, electronic white board, duplicating machine, stencil cutters, duplicator stencils, duplicating paper and rotary ink.
Powered by Capital Market - Live News
