Emami Infra extends post-result gains

Emami Infrastructure rose 2.35% to Rs 200 at 10:53 IST on BSE, with the stock extending Tuesday's gains triggered by the company reporting strong Q1 June 2017 results.

Meanwhile, the S&P BSE Sensex was up 82.33 points or 0.26% at 32,240.99. The S&P BSE Small-Cap index advanced 64.18 points or 0.39% at 16,682.02.

On the BSE, 46,000 shares were traded on the counter so far as against the average daily volumes of 38,685 shares in the past one quarter. The stock had hit a high of Rs 205.15 and a low of Rs 198 so far during the day. The stock had hit a 52-week high of Rs 201.30 on 31 August 2017 and a 52-week low of Rs 51.05 on 23 November 2016.

The stock had outperformed the market over the past one month till 12 September 2017, advancing 46.53% compared with the Sensex's 3.03% rise. The stock had also outperformed the market over the past one quarter, gaining 42.58% as against the Sensex's 3.42% rise. The scrip had also outperformed the market over the past one year, advancing 225.12% as against the Sensex's 13.42% rise.

The small-cap company has equity capital of Rs 4.86 crore. Face value per share is Rs 2.

Shares of Emami Infrastructure have risen 7.46% in two trading sessions to its ruling market price, from its close of Rs 186.10 on 11 September 2017 after the company reported turnaround in Q1 results during market hours yesterday, 12 September 2017. The stock had risen 5% to settle at Rs 195.40 yesterday, 12 September 2017.

Emami Infrastructure reported net profit of Rs 3.21 crore in Q1 June 2017 compared with net loss of Rs 2.19 crore in Q1 June 2016. Total revenue rose 3.65% to Rs 29.76 crore in Q1 June 2017 over Q1 June 2016.

Emami Infrastructure's primary business is development of residential, commercial and retail properties through its subsidiaries and associates.

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