La Opala RG is locked in upper circuit of 20% for second consecutive day at Rs 358, rising 44% in two straight sessions, on back of heavy volumes. The stock opened at Rs 314 and hit a low of Rs 303 so far on BSE.
As many as a combined 811,545 shares have already changed hands on the counter so far against an average sub 70,000 shares that were traded daily in past two weeks. There are pending buy orders for 63,361 shares on BSE and NSE.
A glass and glassware-maker has outperformed the market by surging 52% compared to around 3% fall in benchmark Sensex since announcement of Q2 results on February 4.
The company has reported almost three-fold jump in standalone net profit at Rs 9.28 crore for the third quarter ended December 31, 2012 against Rs 3.69 crore in a year ago quarter.
Meanwhile, the promoters of the company have been raising their stake in the company to 68.04% in December 31, 2012 from 67.47% on March 31 last year. A promoter entity — Genesis Exports Ltd, which held 47.75% in December last, has been leading the creeping acquisition, increased its holding to 47.82% at the end of February 2013.
As many as a combined 811,545 shares have already changed hands on the counter so far against an average sub 70,000 shares that were traded daily in past two weeks. There are pending buy orders for 63,361 shares on BSE and NSE.
A glass and glassware-maker has outperformed the market by surging 52% compared to around 3% fall in benchmark Sensex since announcement of Q2 results on February 4.
The company has reported almost three-fold jump in standalone net profit at Rs 9.28 crore for the third quarter ended December 31, 2012 against Rs 3.69 crore in a year ago quarter.
Meanwhile, the promoters of the company have been raising their stake in the company to 68.04% in December 31, 2012 from 67.47% on March 31 last year. A promoter entity — Genesis Exports Ltd, which held 47.75% in December last, has been leading the creeping acquisition, increased its holding to 47.82% at the end of February 2013.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%