Beardsell rallies 40.2% in nine sessions

Beardsell was locked at 5% upper circuit at Rs 535 at 12:36 IST on BSE, with the stock extending recent rally.

Meanwhile, the S&P BSE Sensex was down 204.67 points or 0.69% at 29,280.78. The BSE Small-cap index was down 72.94 points or 0.52% at 13,954.99.

On the BSE, 7,026 shares were traded on the counter so far as against the average daily volumes of 782 shares in the past one quarter. The stock hit a high of Rs 535 and a low of Rs 522 so far during the day.

The stock had hit a record high of Rs 622 on 4 November 2016 and a 52-week low of Rs 102.90 on 9 June 2016. The stock had outperformed the market over the past one month till 21 March 2017, advancing 43.54% compared with the Sensex's 2.52% rise. The scrip had also outperformed the market over the past one quarter, gaining 27.87% as against the Sensex's 12.36% rise.

The small-cap company has equity capital of Rs 4.68 crore. Face value per share is Rs 10.

Shares of Beardsell have rallied 40.21% in nine trading sessions from its closing of Rs 381.55 on 8 March 2017.

Beardsell had recently announced that its board at its meeting held on 15 March 2017, approved 5-for-1 stock split.

Beardsell's net profit spurted 256.5% to Rs 1.64 crore on 7.6% fall in net sales to Rs 38.24 crore in Q3 December 2016 over Q3 December 2015.

Beardsell is engaged in the manufacturing, selling and contracting activities in expanded polystyrene, insulation and packaging material, prefabricated panels and solar shield, quikbuild construction panels, marketing of textiles, electric motors, exports and technical consultancy services.

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