SMS Pharmaceuticals spurts after board approves stock split

SMS Pharmaceuticals rose 4.81% to Rs 762.75 at 14:18 IST on BSE after the company said its board approved 10-for-1 stock split.

The announcement was made during trading hours today, 9 October 2015.

Meanwhile, the BSE Sensex was up 167.63 points, or 0.62%, to 27,013.44.

On BSE, so far 11,000 shares were traded in the counter, compared with an average volume of 6,908 shares in the past one quarter.

The stock hit a high of Rs 791 and a low of Rs 735 so far during the day. The stock hit a record high of Rs 820 on 6 August 2015. The stock hit a 52-week low of Rs 351.10 on 1 December 2014.

The stock had outperformed the market over the past one month till 8 October 2015, rising 32.74% compared with 6.04% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 19.25% as against Sensex's 3.04% decline.

The small-cap company has an equity capital of Rs 8.47 crore. Face value per share is Rs 10.

Net profit of SMS Pharmaceuticals declined 11.98% to Rs 7.20 crore on 11.03% decline in net sales to Rs 113.20 crore in Q1 June 2015 over Q1 June 2014.

SMS Pharmaceuticals is a global player in active pharmaceutical ingredient (API) manufacturing.

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