Sanwaria Consumer extends post-result rally

Sanwaria Consumer was locked at 5% upper circuit level at Rs 31.85 at 11:01 IST on BSE, with the stock extending post-result gains.

Meanwhile, the S&P BSE Sensex was up 51.64 points or 0.15% at 33,845.02. The S&P BSE Small-Cap index advanced 0.58%, outperforming the Sensex.

On the BSE, 2.85 lakh shares were traded on the counter so far as against average daily volumes of 20.60 lakh shares in the past one quarter. The stock had opened with an upward gap and remained locked at 5% level at Rs 31.85 so far during the day, which is also its 52-week high. The stock had hit a 52-week low of Rs 2.50 on 3 January 2017.

The stock had outperformed the market over the past one month till 3 January 2018, gaining 31.1% compared with the Sensex's 2.93% rise. The stock had also outperformed the market over the past one quarter, advancing 291.61% as against the Sensex's 7.29% rise. The scrip had also outperformed the market over the past one year, surging 1036.7% as against the Sensex's 26.84% rise.

The small-cap company has equity capital of Rs 73.61 crore. Face value per share is Rs 1.

Shares of Sanwaria Consumer have rallied 10.01% in two trading sessions to its ruling price, from its closing of Rs 28.95 on 2 January 2018 after the company reported strong Q3 December 2017 results during market hours yesterday, 3 January 2018. The stock had surged by the maximum permissible level of 5% to settle at Rs 30.35 yesterday, 3 January 2018.

Shares of Sanwaria Consumer had also witnessed a pre-result rally. The stock had rallied 15.56% in three trading sessions to settle at Rs 28.95 on 2 January 2018, from its closing of Rs 25.05 on 28 December 2017.

Sanwaria Consumer's net profit surged 120% to Rs 25.08 crore on 11.8% growth in net sales to Rs 1273.49 crore in Q3 December 2017 over Q3 December 2016.

Sanwaria Consumer is a FMCG food products company.

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