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Indian Metals surges after turnaround in Q1

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was locked at 5% upper circuit at Rs 565.35 at 14:35 on after the company reported net profit of Rs 99.92 crore in Q1 June 2017, compared with net loss of Rs 30.35 crore in Q1 June 2016.

The result was announced during the market hours today, 17 July 2017.

Meanwhile, the S&P Sensex was up 83.55 points, or 0.26% at 32,104.30. The S&P Small-Cap index was up 16.11 points, or 0.1% at 15,924.12.

High volumes were witnessed on the counter. On the BSE, 54,000 shares were traded on the counter so far as against the average daily volumes of 21,251 shares in the past one quarter. The stock had hit a high of Rs 565.35 and a low of Rs 538 so far during the day. The stock had hit a 52-week high of Rs 823 on 21 March 2017 and a 52-week low of Rs 134 on 27 July 2016.

The stock had outperformed the market over the past one month till 14 July 2017, advancing 38.94% compared with the Sensex's 2.78% rise. The scrip had, however, underperformed the market over the past one quarter sliding 7.47% as against the Sensex's 8.69% rise. The scrip had, however, outperformed the market over the past one year advancing 286.4% as against the Sensex's 14.6% rise.

The small-cap company has equity capital of Rs 26.98 crore. Face value per share is Rs 10.

Indian Metals & Ferro Alloys's total income rose 71.3% to Rs 438.97 crore in Q1 June 2017 over Q1 June 2016.

is a producer of ferro chrome and ferro alloys. The company operates through three segments: ferro alloys, power and mining.

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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, July 17 2017. 14:39 IST