GTPL Hathway surges after strong Q2 results

GTPL Hathway rose 3.33% to Rs 158.30 at 9:29 IST on BSE after net profit rose 53.1% to Rs 11.77 crore on 22.2% rise in net sales to Rs 181.01 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 6 November 2017.

Meanwhile, the S&P BSE Sensex was up 81.84 points or 0.24% at 33,813.03. The S&P BSE Small-Cap index advanced 95.90 points or 0.54% at 18,006.80, outperforming the Sensex.

On the BSE, 4,383 shares were traded on the counter so far as against average daily volumes of 53,580 shares in the past one quarter. The stock had hit a high of Rs 160.25 and a low of Rs 157.90 so far during the day. The stock had hit a record high of Rs 190.30 on 11 July 2017 and a record low of Rs 126.60 on 24 August 2017.

The stock had underperformed the market over the past one month till 6 November 2017, advancing 4.97% compared with the Sensex's 6.03% rise. The stock had, however, outperformed the market over the past one quarter, gaining 7.66% as against the Sensex's 4.35% rise.

The small-cap company has equity capital of Rs 112.46 crore. Face value per share is Rs 10.

GTPL Hathway is a leading regional multi system operator (MSO) in India, offers cable television and broadband services.

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