Tasty Bite Eatables gains after robust Q1 outcome

Tasty Bite Eatables rose 2.21% to Rs 3,055 at 12:32 IST on BSE after net profit rose 153.88% to Rs 5.56 crore on 51.50% rise in net sales to Rs 55.69 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 8 August 2016.

Meanwhile, the BSE Sensex was down 171.99 points, or 0.61%, to 28,010.58.

On BSE, so far 4,794 shares were traded in the counter, compared with average daily volume of 2,610 shares in the past one quarter. The stock hit a high of Rs 3,150 and a low of Rs 3,020 so far during the day. The stock hit a record high of Rs 3,195 on 28 July 2016. The stock hit a 52-week low of Rs 783 on 25 August 2015. The stock had outperformed the market over the past 30 days till 8 August 2016, rising 14.67% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 26.63% as against Sensex's 9.35% rise.

The small-cap company has equity capital of Rs 2.57 crore. Face value per share is Rs 10.

Tasty Bite Eatables is engaged in the business of manufacturing and selling prepared foods.

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