Waterbase rose 2.61% to Rs 122 at 14:26 IST on BSE after the company said it has settled the entire one time settlement amount of Rs 7.80 crore due to Canara Bank on 24 November 2015.
The announcement was made yesterday, 25 November 2015. The stock market was closed on that day on account of Gurunanak Jayanti.
Meanwhile, the S&P BSE Sensex was up 190.09 points or 0.74% at 25,965.83.
On BSE, so far 1.75 lakh shares were traded in the counter as against average daily volume of 2.66 lakh shares in the past one quarter.
The stock hit a high of Rs 124.90 and a low of Rs 120.40 so far during the day. The stock had hit a 52-week high of Rs 176.90 on 14 October 2015. The stock had hit a 52-week low of Rs 44 on 17 December 2014.
The stock had underperformed the market over the past one month till 24 November 2015, sliding 26.29% compared with Sensex's 6.17% fall. The scrip had, however, outperformed the market in past one quarter, surging 30.66% as against Sensex's 0.13% rise.
The small-cap company has equity capital of Rs 38.60 crore. Face value per share is Rs 10.
Waterbase had already made part payment of Rs 4 crore due to Canara Bank on 18 November 2015 and on 24 November 2015 the balance amount has been settled. Canara Bank has issued a no dues certificate and the company/bank is in the process of withdrawing all the proceedings, Waterbase said.
Waterbase's net profit rose 48.4% to Rs 5.70 crore on 21.4% growth in net sales to Rs 98.88 crore in Q2 September 2015 over Q2 September 2014.
Waterbase is a leading manufacturer of high quality shrimp feed in India.
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