Manpasand Beverages surges after good Q2 result

Manpasand Beverages gained 5.13% to Rs 648.25 at 14:52 IST on BSE after net profit rose 24.37% to Rs 5.41 crore on 35.49% rise in total income from operations to Rs 106.37 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 24 October 2016.

Meanwhile, the BSE Sensex was down 67.34 points, or 0.26%, to 25,984.47

On BSE, so far 32,000 shares were traded in the counter, compared with average daily volume of 22,459 shares in the past one quarter. The stock hit a high of Rs 659 and a low of Rs 616 so far during the day. The stock hit a record high of Rs 775.80 on 5 October 2016. The stock hit a 52-week low of Rs 389 on 10 March 2016. The stock had underperformed the market over the past 30 days till 23 November 2016, falling 14.81% compared with the 7.26% decline in the Sensex. The scrip also underperformed the market in past one quarter, sliding 14.5% as against Sensex's 6.41% decline.

The mid-cap company has an equity capital of Rs 57.19 crore. Face value per share is Rs 10.

Manpasand Beverages is a fruit drink manufacturer focusing on mango. Mango-based fruit drink, Mango Sip, is the flagship brand of the company, which is strategically aimed at customers in semi urban and rural markets. In addition, the company also sells fruit drink in apple flavor under the brand Apple Sip.

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