Strong Q4 earnings boost Gandhi Special Tubes

Gandhi Special Tubes rose 11.85% to Rs 236 at 11:52 IST on BSE after net profit surged 97.8% to Rs 6.17 crore on 20.1% growth in net sales to Rs 20.95 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 16 May 2016.

Meanwhile, the S&P BSE Sensex was up 156.09 points or 0.61% at 25,809.32.

On BSE, so far 6,695 shares were traded in the counter as against average daily volume of 1,122 shares in the past one quarter. The stock hit a high of Rs 243.40 and a low of Rs 222.70 so far during the day. The stock had hit a 52-week high of Rs 299.90 on 22 May 2015. The stock had hit a 52-week low of Rs 197.50 on 14 March 2016. The stock had outperformed the market over the past one month till 16 May 2016, gaining 1.54% compared with the Sensex's 0.1% rise. The scrip had, however, underperformed the market in past one quarter, sliding 1.15% as against Sensex's 10.61% rise.

The small-cap company has equity capital of Rs 7.35 crore. Face value per share is Rs 5.

Gandhi Special Tubes is engaged in manufacturing and marketing seamless and welded steel tubes.

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