Emkay Global gallops 61.5% in six trading sessions

Emkay Global Financial Services surged 7.21% to Rs 137.50 at 15:04 IST on BSE, with the stock extending recent sharp rally.

Meanwhile, the S&P BSE Sensex was up 15.50 points or 0.05% at 31,111.20. The S&P BSE Small-Cap index rose 68.72 points or 0.44% at 15,522.78.

On the BSE, 2.03 lakh shares were traded on the counter so far as against the average daily volumes of 97,000 shares in the past two weeks. The stock had hit a high of Rs 141.05 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 128.25 so far during the day. The stock had hit a 52-week low of Rs 51 on 22 November 2016.

The stock had outperformed the market over the past one month till 12 June 2017, advancing 37.24% compared with the Sensex's 3.01% rise. The stock had also outperformed the market over the past one quarter, gaining 89.72% as against the Sensex's 7.43% rise. The scrip had also outperformed the market over the past one year, surging 99.77% as against the Sensex's 16.74% rise.

The small-cap company has equity capital of Rs 24.45 crore. Face value per share is Rs 10.

Shares of Emkay Global Financial Services have rallied 61.57% in six trading sessions to its ruling market price from its closing of Rs 85.10 on 5 June 2017.

On consolidated basis, Emkay Global Financial Services' net profit surged 95.2% to Rs 4.04 crore on 23% growth in total income to Rs 32.01 crore in Q4 March 2017 over Q4 March 2016.

Emkay Global Financial Services is involved in providing financial services and solutions, such as investment banking, institutional equities, private client broking and depository services.

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