Hikal advances after good Q4 results

Hikal rose 3.96% to Rs 155 at 11:22 IST on BSE after net profit surged 118.3% to Rs 22.24 crore on 35.7% rise in total income to Rs 290.12 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours on Friday, 6 May 2016.

Meanwhile, the BSE Sensex was up 354.46 points, or 1.4%, to 25,582.96

On BSE, so far 52,252 shares were traded in the counter, compared with an average volume of 11,410 shares in the past one quarter. The stock hit a high of Rs 159 and a low of Rs 151.30 so far during the day. The stock hit a record high of Rs 178 on 24 December 2015. The stock hit a 52-week low of Rs 98 on 4 September 2015. The stock had outperformed the market over the past one month till 6 May 2016, rising 10.12% compared with 1.32% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 3.47% as against Sensex's 2.48% rise.

The small-cap company has an equity capital of Rs 16.44 crore. Face value per share is Rs 2.

Hikal is engaged in research and development (R&D), manufacturing and marketing of fine chemicals for the pharmaceutical and agrochemical industries.

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