Empire Industries moves up on robust Q3 results

Empire Industries gained 2.44% to Rs 2,300 at 12:43 IST on BSE after net profit spurted 154.45% to Rs 19.72 crore on 2.78% rise in net total income from operations to Rs 103.67 crore in Q3 December 2017 over Q3 December 2016.

The results were announced during market hours today, 9 February 2018.

Meanwhile, the S&P BSE Sensex was down 410.25 points, or 1.19%, to 34,002.91. The S&P BSE Small-Cap index was up 4.76 points, or 0.03%, to 18,135.95, outperforming the Sensex.

On the BSE, 939 shares were traded in counter so far compared with an average volume of 853 shares in the past one quarter. The stock had hit a high of Rs 2,399.95 and a low of Rs 2,202 so far during the day. The stock had hit a record high of Rs 2,598 on 5 January 2018. The stock had hit a 52-week low of Rs 1,560.55 on 14 February 2017.

The stock had underperformed the market over the past 30 days till 8 February 2018, falling 10.04% compared with 0.18% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 6.16% as against Sensex's 3.6% rise. The scrip had also outperformed the market in past one year, gaining 36.83% as against Sensex's 21.64% rise.

The small-cap company has an equity capital of Rs 6 crore. Face value per share is Rs 10.

Empire Industries consists of a well-diversified group of businesses. It has established a strong market presence in the manufacturing and marketing of glass bottles for the pharmaceutical industry, marketing of machine tools and industrial equipments, trading of frozen food products, building and leasing of commercial properties, providing vending services, developing real estate, and building and managing business centres.

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