Atul spurts to record high after strong Q1 earnings

Atul jumped 9.31% to Rs 1180 at 14:38 IST on BSE after net profit surged 47.78% to Rs 59.78 crore on 25.22% growth in total income from operations to Rs 647.08 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced during market hours today, 23 July 2014.

Meanwhile, the S&P BSE Sensex was up 80.79 points or 0.31% at 26,106.59.

On BSE, so far 1.58 lakh shares were traded in the counter as against average daily volume of 57,776 shares in the past one quarter.

The stock hit a high of Rs 1,197 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,070 so far during the day. The stock had hit a 52-week low of Rs 285.30 on 28 August 2013.

The stock had outperformed the market over the past one month till 22 July 2014, surging 22.38% as compared to the Sensex's 3.67% rise. The stock had also outperformed the market in the past one quarter, advancing 112.85% as compared to the Sensex's 14.36% rise.

The small-cap company has equity capital of Rs 29.66 crore. Face value per share is Rs 10.

Atul has seven businesses, namely, aromatics, bulk chemicals & intermediates, colors, crop protection, floras, pharmaceuticals & intermediates, and polymers.

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