Tamil Nadu Petroproducts spurted 12.07% to Rs 21.35 at 15:18 IST on BSE after net profit jumped 1412.12% to Rs 4.99 crore on 18.39% decline in total income from operations (net) to Rs 227.46 crore in Q1 June 2015 over Q1 June 2014.
The Q1 result was announced during market hours today, 4 August 2015.
Meanwhile, the S&P BSE Sensex was down 116.74 points or 0.41% at 28,070.32.
The stock surged on heavy volumes. On BSE, so far 6.90 lakh shares were traded in the counter as against average daily volume of 67,119 shares in the past one quarter.
The stock hit a high of Rs 22.30 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 18.50 so far during the day. The stock had hit a 52-week low of Rs 10.80 on 30 January 2015.
The stock had outperformed the market over the past one month till 3 August 2015, surging 20.95% compared with Sensex's 0.34% rise. The scrip had also outperformed the market in past one quarter, jumping 28.72% as against Sensex's 4.35% rise.
The small-cap company has equity capital of Rs 89.97 crore. Face value per share is Rs 10.
Tamil Nadu Petroproducts is jointly promoted by SPIC, who have diverse interest in fertilizers, petrochemicals and other services & Tamilnadu Industrial Development Corporation (TIDCO), a State Govt. enterprise.
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