JBF Industries weaves strong gains after stellar Q2 results

JBF Industries advanced 5.59% to Rs 207.70 at 10:09 IST on BSE after net profit surged 244.89% to Rs 11.14 crore on 13.75% rise in total income to Rs 954.77 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours yesterday, 22 November 2016.

Meanwhile, the S&P BSE Sensex was up 2.79 points, or 0.01%, to 25,963.57

On BSE, so far 16,000 shares were traded in the counter, compared with average daily volume of 29,882 shares in the past one quarter. The stock hit a high of Rs 211.40 and a low of Rs 199 so far during the day. The stock hit a 52-week high of Rs 260.10 on 18 October 2016. The stock hit a 52-week low of Rs 150.10 on 29 February 2016. The stock had underperformed the market over the past 30 days till 22 November 2016, sliding 20.22% compared with the 7.87% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, falling 6.56% as against Sensex's 7.48% decline.

The small-cap company has an equity capital of Rs 81.87 crore. Face value per share is Rs 10.

JBF Industries produces polyester chips for textiles, films and bottles and partially oriented yarn.

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