La Opala RG gains on setting record date for stock split

La Opala RG rose 2.82% to Rs 1,429.25 after the company said that 25 September 2014 has been fixed as a record date for its 5-for-1 stock split.

La Opala RG rose 2.82% to Rs 1,429.25 at 9:40 IST on BSE after the company said that 25 September 2014 has been fixed as a record date for its 5-for-1 stock split.

The announcement was made after market hours on Friday, 5 September 2014.

Meanwhile, the BSE Sensex was up 194.20 points, or 0.72%, to 27,220.90.

On BSE, so far 399 shares were traded in the counter, compared with an average volume of 1 crore shares in the past one quarter.

The stock hit a high of Rs 1,436.80 and a low of Rs 1,412.30 so far during the day. The stock hit a record high of Rs 1,453.10 on 4 September 2014. The stock hit a 52-week low of Rs 384.90 on 24 September 2013.

The stock had underperformed the market over the past one month till 5 September 2014, rising 1.68% compared with 4.32% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 52.07% as against Sensex's 8.02% rise.

The mid-cap company has an equity capital of Rs 11.10 crore. Face value per share is Rs 10.

Net profit of La Opala RG rose 35.78% to Rs 6.11 crore on 30.02% to Rs 40.80 crore in Q1 June 2014 over Q1 June 2013.