Somany Ceramics spurts after strong Q2 numbers

Somany Ceramics rose 14.21% to Rs 356.05 at 14:35 IST on BSE after net profit rose 68% to Rs 10.50 crore on 22.45% increase in total income from operations to Rs 374.15 crore in Q2 September 2014 over Q2 September 2013.

The result was announced during trading hours today, 16 October 2014.

Meanwhile, the BSE Sensex was down 136.51 points, or 0.52%, to 26,212.82.

On BSE, so far 1.39 lakh shares were traded in the counter, compared with an average volume of 4,258 shares in the past one quarter.

The stock hit a high of Rs 365.95 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 312 so far during the day. The stock hit a 52-week low of Rs 75.20 on 5 November 2013.

The stock had outperformed the market over the past one month till 14 October 2014, rising 0.55% compared with 2.63% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.66% as against Sensex's 5.37% rise.

The small-cap company has an equity capital of Rs 7.77 crore. Face value per share is Rs 2.

Somany Ceramics is a manufacturer of ceramic tiles and allied products.

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