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GHCL surges after reporting strong Q1 results

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surged 7.79% to Rs 219.20 at 14:45 on after the company reported 66.87% rise in net profit to Rs 102.83 crore on 17.33% rise in total income from operations to Rs 730.81 crore in Q1 June 2016 over Q1 June 2015.

The result was announced during market hours today, 25 July 2016.

Meanwhile, the S&P Senses was up 275.64 points or 0.99% at 28,079.81.

High volumes were witnessed on the counter. On BSE, so far 10.73 lakh shares were traded in the counter as against average daily volume of 1.54 lakh shares in the past one quarter. The stock hit a high of Rs 223.50, which was also a record high for the stock. The stock hit a low of Rs 204.90 so far during the day. The stock had hit a 52-week low of Rs 81.80 on 27 July 2015. The stock had outperformed the market over the past one month till 22 July 2016, gaining 14.34% compared with Sensex's 3.88% rise. The scrip had also outperformed the market in past one quarter, surging 48.76% as against Sensex's 7.61% rise.

The mid-cap company has equity capital of Rs 100.02 crore. Face value per share is Rs 10.

is a diversified company with an established foot print in chemistry and textiles segment.

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First Published: Mon, July 25 2016. 14:45 IST