Mawana Sugars surges after reporting good Q4 earnings

Mawana Sugars jumped 9.46% to Rs 84.50 at 9:53 IST on BSE after net profit rose 42.7% to Rs 92.63 crore on 8.5% decrease in net sales to Rs 422.24 crore in the quarter ended March 2017 over the quarter ended March 2016.

The result was announced after market hours on Friday, 9 June 2017.

Meanwhile, the S&P BSE Sensex was down 153.10 points, 0.49% at 31,108.96. The S&P BSE Small-Cap index was down 38.33 points, 0.25% at 15,510.84.

On the BSE, 91,000 shares were traded on the counter so far as against the average daily volumes of 68,431 shares in the past one quarter. The stock had hit a high of Rs 85.50 and a low of Rs 81.35 so far during the day. The stock had hit a 52-week high of Rs 99 on 23 May 2017 and hit a 52-week low of Rs 34.65 on 17 November 2016.

The stock had underperformed the market over the past one month till 9 June 2017, declining 13.84% compared with the Sensex's 4.44% rise. The scrip had also underperformed the market over the past one quarter declining 11.26% as against the Sensex's 8.06% rise. The scrip had, however, outperformed the market over the past one year advancing 38.35% as against the Sensex's 16.81% rise.

The small-cap company has equity capital of Rs 39.12 crore. Face value per share is Rs 10.

Mawana Sugars in engaged in the manufacturing of some of the finest sugars in the country.

Powered by Capital Market - Live News