Filatex India extends post-result rally

Filatex India surged 6.95% to Rs 55.40 at 13:15 IST on BSE, with the stock extending Monday's rally triggered by the company announcing strong Q4 earnings.

Meanwhile, the S&P BSE Sensex was up 276.24 points or 1.08% at 25,955.17.

On BSE, so far 3.72 lakh shares were traded on the counter as against average daily volume of 20,023 shares in the past one quarter. The stock hit a high of Rs 59.40 and a low of Rs 54.25 so far during the day. The stock had hit a 52-week high of Rs 59.45 on 21 October 2015. The stock had hit a 52-week low of Rs 23.90 on 13 May 2015. The stock had outperformed the market over the past one month till 25 April 2016, advancing 39.06% compared with Sensex's 1.35% rise. The scrip had also outperformed the market in past one quarter, gaining 36.5% as against Sensex's 4.87% rise.

The small-cap company has equity capital of Rs 32 crore. Face value per share is Rs 10.

Shares of Filatex India have rallied 28.24% in two trading sessions from its close of Rs 43.20 on 22 April 2016, after the company announced strong Q4 March 2016 results after trading hours on 22 April 2016. The stock had surged by the maximum permissible level of 20% to settle at Rs 51.80 yesterday, 25 April 2016.

Filatex India's net profit surged 364% to Rs 13.55 crore on 29.6% growth in net sales to Rs 348.57 crore in Q4 March 2016 over Q4 March 2015.

Filatex India is involved in manufacturing of various varieties of synthetic manmade fibres.

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