Texmo Pipes and Products rose 8.82% to Rs 13.30 at 9:40 IST on BSE after the company said its production started in full capacity as the interruption of power supply was over.
The announcement was made after market hours on Friday, 27 November 2015.
Meanwhile, the BSE Sensex was up 78.89 points, or 0.30%, to 26,207.09.
On BSE, so far 37,000 shares were traded in the counter, compared with an average volume of 48,147 shares in the past one quarter.
The stock hit a high of Rs 13.65 and a low of Rs 12.25 so far during the day. The stock hit a 52-week high of Rs 19.40 on 18 August 2015. The stock hit a 52-week low of Rs 7.05 on 26 March 2015.
The stock had underperformed the market over the past one month till 27 November 2015, sliding 21.61% compared with 4.13% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 14.39% as against Sensex's 0.39% decline.
The small-cap company has an equity capital of Rs 23.82 crore. Face value per share is Rs 10.
Texmo Pipes and Products announced after market hours on Thursday, 26 November 2015, that its production had slowed down due to interruption of power supply and production was continuing through the use of DG set. The stock slumped 5.93% to Rs 11.90 on Friday, 27 November 2015.
Texmo Pipes and Products reported net loss of Rs 0.52 crore in Q2 September 2015 compared with net profit of Rs 0.02 crore in Q2 September 2014. Net sales declined 7.7% to Rs 41.52 crore in Q2 September 2015 over Q2 September 2014.
Texmo Pipes and Products is engaged in the business of products like CPVC pipes, molded fittings of PVC and SWR, DWC pipes and drip inline.
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