Gillanders Arbuthnot jumps after posting decent Q2 results

Gillanders Arbuthnot & Company hit 5% upper circuit at Rs 85.35 at 10:54 IST on BSE after net profit rose 29.6% to Rs 7.44 crore on 4.9% drop in net sales to Rs 159.08 crore in Q2 September 2017 over Q2 September 2016.

The result was announced on Saturday, 9 December 2017.

Meanwhile, the S&P BSE Sensex was up 100.47 points or 0.3% at 33,350.77. The S&P BSE Small-Cap index was up 77.07 points or 0.42% at 18,288.95, outperforming the Sensex.

On the BSE, 2,939 shares were traded in the counter so far as against average daily volume of 12,219 shares in the past two weeks. The stock was locked at Rs 85.35 so far during the day. The stock had hit a 52-week high of Rs 101.50 on 30 November 2017. The stock had hit a 52-week low of Rs 58.75 on 24 August 2017.

The stock had outperformed the market over the past one month till 8 December 2017, gaining 28.95% compared with the Sensex's 0.09% rise. The stock had also outperformed the market over the past one quarter, rising 28.74% as against the Sensex's 4.93% rise. The scrip had also outperformed the market over the past one year, rising 30.29% as against the Sensex's 24.56% rise.

The small-cap company has equity capital of Rs 21.34 crore. Face value per share is Rs 10.

Gillanders Arbuthnot & Company primarily deals in tea, textiles, engineering, chemical and trading business activities. GACL has a diversified business portfolio which has helped it in achieving a steady performance by overcoming adverse cyclical fluctuations to which its various businesses may be exposed from time to time.

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