Orient Bell surged 17.82% to Rs 270.05 at 14:49 IST on BSE after a bulk deal of 9.65 lakh shares was executed on the scrip at Rs 223 per share in opening trade on BSE.
Meanwhile, the S&P BSE Sensex was down 115.23 points or 0.38% at 30,135.75. The S&P BSE Small-Cap index was down 147.39 points or 0.94% at 15,506.01.
Bulk deal boosted volume on the scrip. On BSE, so far 15.93 lakh shares were traded in the counter as against average daily volume of 10,034 shares in the past one quarter. The stock hit a high of Rs 275 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 210 so far during the day. The stock had hit a 52-week low of Rs 138.80 on 21 November 2016.
The stock had outperformed the market over the past one month till 11 May 2017, rising 16.08% compared with 2.05% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 41.48% as against Sensex's 6.76% rise.
The small-cap company has equity capital of Rs 14.19 crore. Face value per share is Rs 10.
Orient Bell's net profit rose 59.76% to Rs 2.62 crore on 15.84% decline in net sales to Rs 145.87 crore in Q3 December 2016 over Q3 December 2015.
Orient Bell is engaged in manufacture of ceramic and vitrified tiles.
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