Ricoh India spurts 53.53% in four days

Ricoh India was locked in 20% upper circuit at Rs 413 at 13:31 IST on BSE, with the stock extending its recent rally.

Meanwhile, the BSE Sensex was down 66.13 points, or 0.23%, to 28,467.84

On BSE, so far 3.98 lakh shares were traded in the counter, compared with an average volume of 58,137 shares in the past one quarter.

The stock hit a high of record high of Rs 413 in intraday trade today, 12 February 2015. The stock hit a low of Rs 347 so far during the day. The stock hit a 52-week low of Rs 112.05 on 20 June 2014.

The stock had outperformed the market over the past one month till 11 February 2015, rising 8.12% compared with 3.92% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 23.06% as against Sensex's 2.24% rise.

The small-cap company has an equity capital of Rs 39.77 crore. Face value per share is Rs 10.

Ricoh India reported net profit of Rs 10.55 crore in Q3 December 2014 as against net loss of Rs 0.21 crore in Q3 December 2013. Net sales rose 80.4% to Rs 409.02 crore in Q3 December 2014 over Q3 December 2013. The result was announced during trading hours yesterday, 11 February 2015. The stock rose by maximum permissible daily limit of 20% to settle at Rs 344.20 yesterday, 11 February 2015. The stock gained 53.53% in four trading days from a recent low of Rs 269 on 6 February 2015.

Ricoh India is a 73.6% owned subsidiary of Japan's Ricoh Co. Ricoh India manufactures imaging products. Its product line consists of photo copiers, photo copying apparatus, facsimile machine, electronic white board, duplicating machine, stencil cutters, duplicator stencils, duplicating paper and rotary ink.

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