Shrenuj & Co jumps after reporting marginal rise in net profit in Q1 June 2015

Shrenuj & Company spurted 14.68% to Rs 45.70 at 13:03 IST on BSE after consolidated net profit rose 2.82% to Rs 21.08 crore on 5.63% growth in total operating income to Rs 1419.95 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced during market hours today, 12 August 2015.

Meanwhile, the S&P BSE Sensex was down 204.19 points or 0.73% at 27,661.90.

The stock surged on heavy volumes. On BSE, so far 3.29 lakh shares were traded in the counter as against average daily volume of 42,429 shares in the past one quarter.

The stock hit a high of Rs 46.50 and a low of Rs 40.25 so far during the day. The stock had hit a 52-week high of Rs 65.45 on 7 October 2014. The stock had hit a 52-week low of Rs 31.90 on 30 July 2015.

The stock had outperformed the market over the past one month till 11 August 2015, surging 9.18% compared with the Sensex's 0.74% rise. The scrip had, however, underperformed the market in past one quarter, declining 1.12% as against Sensex's 1.3% rise.

The small-cap company has equity capital of Rs 38.58 crore. Face value per share is Rs 2.

Shrenuj & Company manufactures and markets high quality polished diamonds and diamond jewellery products.

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