Century Enka spurts over 20% in five sessions

Century Enka rose 14.06% to Rs 411.25 at 15:14 IST on BSE, extending recent gains triggered by fresh buying by investors.

Meanwhile, the S&P BSE Sensex was down 317.78 points, or 1.08% to 29,167.67.

On the BSE, 7.37 lakh shares were traded in the counter so far, compared with average daily volumes of 19,572 shares in the past one quarter. The stock had hit a high of Rs 415.80 so far during the day, which is also a 52-week high for the counter. The stock had hit a low of Rs 361.55 so far during the day. The stock hit a 52-week low of Rs 168.70 on 29 March 2016.

The stock had outperformed the market over the past one month till 21 March 2017, rising 12.09% compared with 2.87% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 36.81% as against Sensex's 12.36% rise.

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

Shares of Century Enka have surged 20.35% in five trading sessions from its close of Rs 341.70 on 15 March 2017.

Net profit of Century Enka rose 75.45% to Rs 26.16 crore on 4.6% rise in net sales to Rs 280.07 crore in Q3 December 2016 over Q3 December 2015.

Century Enka (CEL) is engaged in the business of nylon tire cord fabric and polyester/nylon filament yarn.

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