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OCL India advances after decent Q1 earnings

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rose 1.68% to Rs 1,223 at 11:01 on after net profit rose 10.8% to Rs 117.24 crore on 17% increase in net sales to Rs 829.31 crore in Q1 June 2017 over Q1 June 2016.

The result was announced on Saturday, 5 August 2017.

Meanwhile, the S&P Sensex was up 61.52 points, or 0.19% at 32,386.93. The S&P Mid-Cap index was up 151.41 points, or 0.98% at 15,588.36.

On the BSE, 743 shares were traded on the counter so far as against the average daily volumes of 3,122 shares in the past one quarter. The stock had hit a high of Rs 1,235.10 and a low of Rs 1,223 so far during the day.

The stock had hit a record high of Rs 1,319.40 on 19 July 2017 and a 52-week low of Rs 650 on 26 December 2016.

The stock had underperformed the market over the past one month till 4 Aug 2017, declining 2.16% compared with the Sensex's 3.57% rise. The scrip had, however, outperformed the market over the past one quarter advancing 16.76% as against the Sensex's 7.3% rise. The scrip had also outperformed the market over the past one year advancing 70.28% as against the Sensex's 16.64% rise.

The mid-cap company has equity capital of Rs 11.38 crore. Face value per share is Rs 2.

is in the business of cement and refractories.

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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, August 07 2017. 11:04 IST