Goodluck India shines after good Q2 result

Goodluck India rose 1.49% to Rs 82 at 12:42 IST on BSE after net profit advanced 39.3% to Rs 5 crore on 22.9% rise in total income to Rs 312.70 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 14 December 2017.

Meanwhile, the S&P BSE Sensex was up 321.59 points or 0.97% at 33,568.29. The S&P BSE Small-Cap index was up 252.44 points or 1.41% at 18,175.89.

On the BSE, so far 15,000 shares were traded in the counter, compared with average daily volumes of 18,461 shares in the past one quarter. The stock had hit a high of Rs 84.20 and a low of Rs 81.40 so far during the day. The stock hit a 52-week high of Rs 105.45 on 13 September 2017. The stock hit a 52-week low of Rs 71.90 on 7 November 2017.

The stock rose 8.89% over the past one month till 14 December 2017, outperforming the Sensex's 0.93% rise. The scrip, however, underperformed the market in past one quarter, falling 17.26% as against Sensex's 3.12% rise. The scrip had also underperformed the market in past one year, declining 8.96% as against Sensex's 24.97% rise.

The small-cap company has equity capital of Rs 4.40 crore. Face value per share is Rs 2.

Goodluck India is engaged in manufacturing and exporting of a wide range of galvanized sheets & coils, towers, hollow sections, CR coils CRCA and pipes & tubes.

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