Siyaram Silk Mills spurts after strong Q4 results

Siyaram Silk Mills rose 11.68% to Rs 1,070.50 at 12:10 IST on BSE after net profit rose 59.19% to Rs 32.14 crore on 18.32% rise in net sales to Rs 479.45 crore in Q4 March 2015 over Q4 March 2014.

The result was announced Saturday, 9 May 2015.

Meanwhile, the BSE Sensex was up 344.22 points, or 1.27%, to 27,449.61.

On BSE, so far 9,570 shares were traded in the counter, compared with an average volume of 1,110 shares in the past one quarter.

The stock hit a high of Rs 1,086.25 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 992.25 so far during the day. The stock hit a 52-week low of Rs 305 on 9 May 2014.

The stock had outperformed the market over the past one month till 8 May 2015, falling 2.64% compared with 5.58% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.12% as against Sensex's 5.62% fall.

The small-cap company has an equity capital of Rs 9.37 crore. Face value per share is Rs 10.

Siyaram Silk Mills' net profit rose 23.94% to Rs 78.79 crore on 15.87% rise in net sales to Rs 1507.96 crore in the year ended March 2015 over the year ended March 2014.

Siyaram Silk Mills manufactures and markets textiles, cotton, woollen synthetics and synthetic blends. The company is known for its polyester blended worsted fabrics.

Powered by Capital Market - Live News