Finolex Industries announced its results on Saturday, 4 March 2013. The stock hit an upper circuit limit of 20% at Rs 119.30 on Monday, 6 May 2013.
Meanwhile, the BSE Sensex was up 107.28 points, or 0.55%, to 19,780.92.
On BSE, 5.76 lakh shares were traded in the counter as against an average daily volume of 1.12 lakh shares in the past one quarter.
The stock hit a high of Rs 130.80 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 121.10 so far during the day. The stock had hit a 52-week low of Rs 53.65 on 14 May 2012.
The stock had outperformed the market over the past one month till 6 May 2013, rising 22.99% compared with the Sensex's 6.63% rise. The scrip had also outperformed the market in past one quarter, rising 50.82% as against Sensex's 0.17% rise.
The mid-cap company has an equity capital of Rs 124.10 crore. Face value per share is Rs 10.
Finolex Industries' net profit rose 41.2% to Rs 79.35 crore on 6% increase in net sales to Rs 624.18 crore in Q4 March 2013 over Q4 March 2012.
Net profit rose 81.2% to Rs 136.14 crore on 2.1% increase in net sales to Rs 2124.26 crore in the year ended March 2013 over the year ended March 2012.
The board of Finolex Industries recommended a dividend of Rs 5.50 per share for the financial year ended March 2013.
Finolex Industries is the largest PVC-U pipe manufacturer in India. It offers a wide range of PVC pipes and fittings, for diverse applications in agriculture, housing, telecom, construction and industry, in sizes ranging between 20 millimetre (mm) to 400mm diameter in different pressure classes as per relevant Indian Standards.
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