Tata Sponge Iron rose 1.82% to Rs 660.80 at 12:00 IST on BSE after consolidated net profit rose 48.38% to Rs 10.55 crore on 24.02% decline in total income from operations to Rs 118.99 crore in Q1 June 2016 over Q1 June 2015.
The result was announced before market hours today, 26 July 2016.Meanwhile, the BSE Sensex was up 33.95 points, or 0.12%, to 28,129.29.
On BSE, so far 62,704 were traded in the counter as against average daily volume of 1.26 lakh shares in the past one quarter. The stock hit a high of Rs 672 and a low of Rs 653.60 so far during the day. The stock had hit a 52-week high of Rs 684.90 on 20 July 2016. The stock had hit a 52-week low of Rs 340 on 12 February 2016. The stock had outperformed the market over the past one month till 25 July 2016, rising 9.77% compared with 6.43% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 13.78% as against Sensex's 9.41% rise.
The small-cap company has equity capital of Rs 15.40 crore. Face value per share is Rs 10.
Tata Sponge Iron is a sponge iron manufacturer.
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