Rubfila International advances after mulling board meeting

Rubfila International gained 3.68% to Rs 46.50 at 12:11 IST on BSE after the company scheduled a meeting of the board of directors of the company on 26 September 2015 to consider the current business scenario and options for growth/ investments.

The announcement was made during market hours today, 18 September 2015.

Meanwhile, the BSE Sensex was up 477.31 points, or 1.84%, to 26,441.28

On BSE, so far 4,517 shares were traded in the counter, compared with an average volume of 72,163 shares in the past one quarter.

The stock hit a high of Rs 46.50 and low of Rs 45.45 so far during the day. The stock hit a record high of Rs 67.40 on 29 July 2015. The stock hit a 52-week low of Rs 31 on 5 May 2015.

The stock had underperformed the market over the past one month till 16 September 2015, sliding 12.32% compared with 7.49% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, rising 2.28% as against Sensex's 2.71% decline.

The small-cap company has an equity capital of Rs 21.61 crore. Face value per share is Rs 5.

Rubfila International reported 28.9% fall in net profit to Rs 2.07 crore on 13.1% fall in total income to Rs 35.74 crore in Q1 June 2015 over Q1 June 2014.

Rubfila International is the largest manufacture of extruded round latex rubber thread.

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