MPS gallops to record high after stellar Q2 outcome

MPS jumped 15.96% to Rs 704.80 at 15:12 IST on BSE after consolidated net profit jumped 80.2% to Rs 14.11 crore on 13.33% rise in total income from operations (net) to Rs 55.57 crore in Q2 September 2014 over Q2 September 2013.

The company announced its results during market hours today, 29 October 2014.

Meanwhile, BSE Sensex was up 186.54 points or 0.69% to 27,067.36

On BSE, so far 76,311 shares were traded in the counter. The stock had an average daily volume of 9,163 shares in the past one quarter.

The stock scaled a record high of Rs 724 in intraday trade today, 29 October 2014. The stock hit a low of Rs 608 so far during the day. The stock had hit a 52-week low of Rs 151.10 on 28 October 2013.

The small-cap scrip had outperformed the market over the past one month till 28 October 2014, rising 4% compared with 0.96% rise in the Sensex. The scrip also outperformed the market in past one quarter, surging 73.66% as against Sensex's 3.42% rise.

The company's current equity is Rs 16.82. Face value per share is Rs 10.

MPS is a leading provider of platforms and services for content development, production and distribution.

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