Elantas Beck India spurts after robust Q1 result

Elantas Beck India jumped 8.25% to Rs 1,450 at 14:05 IST on BSE after net profit rose 56.3% to Rs 13.49 crore on 13.4% growth in net sales to Rs 90.80 crore in Q1 March 2016 over Q1 March 2015.

The result was announced after market hours yesterday, 10 May 2016.

Meanwhile, the S&P BSE Sensex was down 165.95 points or 0.64% at 25,606.58

On BSE, so far 13,909 shares were traded in the counter as against average daily volume of 2,344 shares in the past one quarter. The stock hit a high of Rs 1,489 and a low of Rs 1,410 so far during the day. The stock had hit a 52-week high of Rs 1,605 on 1 January 2016. The stock had hit a 52-week low of Rs 970.50 on 12 June 2015. The stock had underperformed the market over the past one month till 10 May 2016, rising 3.88% compared with 4.45% rise in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 7.03% as against Sensex's 8.48% rise.

The small-cap company has equity capital of Rs 7.93 crore. Face value per share is Rs 10.

Elantas Beck India manufactures a wide range of specialty chemicals for electrical insulation and construction industries.

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