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Borosil Glass jumps after stellar Q4 numbers, stock split

Capital Market 

Works surged 10.88% to Rs 8,185.05 at 12:51 on after the company reported net profit of Rs 8.92 crore in Q4 March 2017, as against net loss of Rs 6.51 crore in Q4 March 2016.

The result was announced on Saturday, 13 May 2017.

Meanwhile, the S&P Sensex was up 124.56 points or 0.41% at 30,312.71. The Small-Cap index was up 131.71 points or 0.85% at 15,660.54.

On the BSE, 15,000 shares were traded on the counter so far as against the average daily volumes of 3,943 shares in the past one quarter. The stock had hit a high of Rs 8,300 and a low of Rs 7,850 so far during the day.

The stock had hit a record high of Rs 8,702.60 on 25 October 2016 and a 52-week low of Rs 3,299 on 11 May 2016. It had outperformed the market over the past one month till 12 May 2017, advancing 11.85% compared with the Sensex's 1.84% rise. The scrip had also outperformed the market over the past one quarter, gaining 6.64% as against the Sensex's 6.54% rise.

The small-cap company has equity capital of Rs 2.31 crore. Face value per share is Rs 10.

The company's net sales rose 17.6% to Rs 75.27 crore in Q4 March 2017 over Q4 March 2016.

Works' board recommended dividend of Rs 25 per share for FY 2017. The board also approved 10-for-1 stock split proposal.

Works manufactures scientific ware items and consumer ware items.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 12:52 IST