Mangalam Cement rose 2.25% to Rs 329 at 14:37 IST on BSE after the company reported net profit of Rs 4.72 crore in Q2 September 2016 compared with net loss of Rs 17.02 crore in Q2 September 2015.
The result was announced on Saturday, 5 November 2016.Meanwhile, the S&P BSE Sensex was up 233.07 points or 0.85% at 27,507.22.
On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 21,395 shares in the past one quarter. The stock hit a high of Rs 341 and a low of Rs 322.30 so far during the day. The stock had hit a record high of Rs 375.15 on 23 August 2016. The stock had hit a 52-week low of Rs 151.10 on 25 February 2016. The stock had underperformed the market over the past one month till 4 November 2016, sliding 9.24% compared with 3.74% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 15.26% as against Sensex's 1.59% fall.
The small-cap company has equity capital of Rs 26.69 crore. Face value per share is Rs 10.
The company's net sales declined 5.2% to Rs 189.45 crore in Q2 September 2016 over Q2 September 2015.
Mangalam Cement is a cement manufacturing company.
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