Tasty Bite Eatables gets tastier after posting strong Q2 results

Tasty Bite Eatables gained 4.73% to Rs 5,675 at 12:20 IST on BSE after net profit jumped 106.99% to Rs 8.42 crore on 45.72% rise in total income to Rs 87.10 crore in Q2 September 2017 over Q2 September 2016.

The result was announced during market hours today, 13 November 2017.

Meanwhile, the S&P BSE Sensex was down 81.35 points, or 0.24%, to 33,233.21. The S&P BSE Small-Cap index was up 19.26 points, or 0.11%, to 17,663.08, outperforming the Sensex.

More than usual volumes were witnessed on the counter. On the BSE, 1,208 shares were traded in the counter so far, compared with average daily volume of 659 shares in the past one quarter. The stock had hit a high of Rs 5,758.85 and a low of Rs 5,362 so far during the day. The stock had hit a record high of Rs 6,137 on 16 August 2017. The stock had hit a 52-week low of Rs 3,070 on 21 November 2016.

The stock had underperformed the market over the past one month till 10 November 2017, gaining 0.11% compared with 4.35% gains in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 8.13% as against Sensex's 5.66% rise. The scrip had also outperformed the market in past one year, gaining 42.68% as against Sensex's 21.07% 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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