Sakthi Sugars surged 14.8% to Rs 15.51 at 11:56 IST on BSE, with the stock advancing on renewed buying after the company said that its Modakurichi sugar unit has commenced its cane crushing operation for special season 2014-15 on 4 June 2015.
The announcement was made after market hours on Monday, 8 June 2015. The stock had fallen 2.31% to settle at Rs 13.51 yesterday, 9 June 2015.
Meanwhile, the S&P BSE Sensex was up 261.28 points or 0.99% at 26,742.53.
On BSE, so far 34,000 shares were traded in the counter as against average daily volume of 18,179 shares in the past one quarter.
The stock hit a high of Rs 16 and a low of Rs 13.65 so far during the day. The stock had hit a 52-week high of Rs 27.45 on 11 June 2014. The stock had hit a 52-week low of Rs 12.20 on 24 March 2015.
The stock had outperformed the market over the past one month till 9 June 2015, rising 2.58% compared with Sensex's 2.3% fall. The scrip had, however, underperformed the market in past one quarter, declining 13.4% as against Sensex's 8.19% fall.
The small-cap company has equity capital of Rs 96.21 crore. Face value per share is Rs 10.
Sakthi Sugars reported net profit of Rs 58.75 crore in Q4 March 2015 as against net loss of Rs 14.12 crore in Q4 March 2014. Net sales rose 17.4% to Rs 260.84 crore in Q4 March 2015 over Q4 March 2014.
Sakthi Sugars is one of the leading sugar producers in India.
Powered by Capital Market - Live News
