Richa Inds jumps after completing a project for L&T Construction

Richa Industries rose 7.76% to Rs 25 at 14:47 IST on BSE after the company said it has successfully completed the five PEB building project, approximately worth Rs 11.32 lakh for L&T Construction at Jhansi, Uttar Pradesh.

The announcement was made during market hours today, 26 March 2015.

Meanwhile, the S&P BSE Sensex was down 448.99 points or 1.6% at 27,662.84.

On BSE, so far 31,000 shares were traded in the counter as against average daily volume of 73,092 shares in the past one quarter.

The stock hit a high of Rs 27.50 and a low of Rs 24 so far during the day. The stock had hit a 52-week high of Rs 44.70 on 23 September 2014. The stock had hit a 52-week low of Rs 19.20 on 11 July 2014.

The stock had underperformed the market over the past one month till 25 March 2015, sliding 28.06% compared with the Sensex's 3.09% fall. The scrip had, however, outperformed the market in past one quarter, jumping 7.91% as against Sensex's 3.32% rise.

The small-cap company has equity capital of Rs 22.32 crore. Face value per share is Rs 10.

Richa Industries' net profit rose 289.2% to Rs 1.44 crore on 12.1% decline in net sales to Rs 79.89 crore in Q3 December 2014 over Q3 December 2013.

Richa Industries is engaged in dyeing, processing and finishing of knitted fabric. The company operates in two segments viz. manufacture in textiles and manufacturer of pre-engineering buildings (PEB).

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