Century Enka spurts after stellar Q2 earnings

Century Enka spurted 8.33% to Rs 130.10 at 12:17 IST on BSE after net profit galloped 386.9% to Rs 21.57 crore on 0.96% growth in total income from operations to Rs 391.26 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Thursday, 31 October 2013.

Meanwhile, the S&P BSE Sensex was up 24.95 points or 0.12% at 21,189.47.

On BSE, 42,000 shares were traded in the counter as against average daily volume of 9,694 shares in the past one quarter.

The stock hit a high of Rs 131 and a low of Rs 125.95 so far during the day. The stock had hit a 52-week high of Rs 144 on 19 November 2012. The stock had hit 52-week low of Rs 92 on 6 August 2013.

The stock had outperformed the market over the past one month till 31 October 2013, surging 13.84% as compared to the Sensex's 9.21% rise. The scrip had also outperformed the market in the past one quarter, jumping 15.09% compared with the Sensex's 9.4% rise.

The small-cap company has equity capital of Rs 21.85 crore. Face value per share is Rs 10.

Century Enka manufactures polyester filament yarn, nylon filament yarn, polyester partially oriented yarn, polyester and nylon chips of industrial and fabric grade and nylon industrial yarn and nylon tyre cord fabrics.

Powered by Capital Market - Live News