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.