Wim Plast hits record high on robust Q1 earnings

Reported an EPS of Rs 10.86 for the quarter ended June 30, 2012 as compared to Rs 7.11 for the quarter ended June 30, 2011.

Wim Plast has locked upper circuit of 20% at Rs 282, also its record high, after reporting 53% year-on-year (yoy) growth in net profit at Rs 6.52 crore for the quarter ended June 30, 2012 on back of higher realization. Net sales grew 49% at Rs 60 crore on y-o-y basis.

The plastic products maker has reported an earning per share (EPS) of Rs 10.86 for the quarter ended June 30, 2012 as compared to Rs 7.11 for the quarter ended June 30, 2011.

As many as 37,293 shares have already changed hands on the counter so far, against an average around 1,200 shares that were traded daily in past two weeks. There are pending buy order for 5,700 shares on the Bombay Stock Exchange.