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Mukand on a gaining spree

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surged 7.42% to Rs 84 at 11:26 on BSE, with the stock extending gains to fifth straight trading session.

Meanwhile, the S&P Sensex was up 234.65 points, or 0.74% at 32,039.47. The S&P Small-Cap index was up 119.20 points, or 0.75% at 16,016.21.

High volumes were witness on the counter. On the BSE, 1.91 lakh shares were traded on the counter so far as against the average daily volumes of 46,436 shares in the past one quarter. The stock had hit a high of Rs 84 and a low of Rs 79.20 so far during the day. The stock had hit a 52-week high of Rs 87.95 on 31 March 2017 and a 52-week low of Rs 40.05 on 12 July 2016.

The stock had outperformed the market over the past one month till 12 July 2017, advancing 18.4% compared with the Sensex's 2.28% rise. The scrip had, however, underperformed the market over the past one quarter sliding 4.17% as against the Sensex's 7.29% rise. The scrip had, however, outperformed the market over the past one year advancing 89.81% as against the Sensex's 14.37% rise.

The small-cap company has equity capital of Rs 141.41 crore. Face value per share is Rs 10.

Shares of rose 26.7% in five trading sessions to its current market price of Rs 84, from a close of Rs 66.30 on 6 July 2017.

reported net loss of Rs 60.27 crore in Q4 March 2017, compared with net profit of Rs 6.02 crore in Q4 March 2016. Net sales rose 1.4% to Rs 688.42 crore in Q4 March 2017 over Q4 March 2016.

Mukand is engaged in manufacture of alloy and stainless steel long products.

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

First Published: Thu, July 13 2017. 11:30 IST