Emami Infra spurts after turnaround in Q1

Emami Infrastructure was locked at 5% upper circuit at Rs 195.40 at 15:15 IST on BSE after the company 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.

The result was announced during market hours today, 12 September 2017.

Meanwhile, the S&P BSE Sensex was up 279.35 points or 0.88% at 32,161.51. The S&P BSE Small-Cap index rose 160.51 points or 0.98% at 16,612.21.

On the BSE, 29,000 shares were traded on the counter so far as against the average daily volumes of 39,772 shares in the past one quarter. The stock had hit a low of Rs 187 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 11 September 2017, advancing 39.56% compared with the Sensex's 2.14% rise. The stock had also outperformed the market over the past one quarter, gaining 42.55% as against the Sensex's 1.98% rise. The scrip had also outperformed the market over the past one year, advancing 202.6% as against the Sensex's 10.71% rise.

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

Emami Infrastructure's 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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