Sintex Industries jumps about 22% in two sessions

Sintex Industries rose 1.90% to Rs 88.55 at 10:51 IST on BSE, extending Monday's 19.70% rise triggered by the company's good Q2 September 2014 earnings.

The result was announced during trading hours on Monday, 13 October 2014. Shares of Sintex Industries rose 19.70% to Rs 86.90 on that day. The stock is up 21.97% in two sessions from Rs 72.60 on 10 October 2014.

Meanwhile, the BSE Sensex was down 122.27 points, or 0.46%, to 26,261.80.

On BSE, so far 26.74 lakh shares were traded in the counter, compared with an average volume of 9.05 lakh shares in the past one quarter.

The stock hit a high of Rs 93 and a low of Rs 88.10 so far during the day. The stock hit a 52-week high of Rs 107.45 on 10 June 2014. The stock hit a 52-week low of Rs 23.80 on 14 October 2013.

The stock had outperformed the market over the past one month till 13 October 2014, rising 10.91% compared with 2.50% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, rising 2.72% as against Sensex's 5.43% rise.

The mid-cap company has an equity capital of Rs 35.71 crore. Face value per share is Re 1.

On a consolidated basis, Sintex Industries' net profit rose 47.28% to Rs 107.38 crore on 25% increase in net sales to Rs 1673.10 crore in Q2 September 2014 over Q2 September 2013.

Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 39% to Rs 287.80 crore in Q2 September 2014 over Q2 September 2013.

Sintex Industries is a dominant player in the plastics and textile business segments

Powered by Capital Market - Live News