Tasty Bite Eatables scales record high

Tasty Bite Eatables surged 17.57% at Rs 2,380 at 15:19 IST on BSE, with the stock extending yesterday's 20% rally triggered by declaring strong Q4 result.

Meanwhile, the BSE Sensex was up 86.93 points, or 0.34%, to 25,775.79

On BSE, so far 30,196 shares were traded in the counter, compared with an average volume of 1,167 shares in the past one quarter. The stock hit a high of Rs 2,429 in intraday trade so far, which is a record high for the counter. The stock hit a low of Rs 2,116.50 so far during the day. The stock hit a 52-week low of Rs 783 on 25 August 2015. The stock had outperformed the market over the past one month till 9 May 2016, gaining 16.04% compared with 4.11% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 30.16% as against Sensex's 6.94% rise.

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

Shares of Tasty Bite Eatables rose by its maximum permissible daily limit of 20% to settle at Rs 2,024.25 yesterday, 9 May 2016 after the company reported 85.2% rise in net profit to Rs 5.89 crore on 35.6% rise in net sales to Rs 58.61 crore in Q4 March 2016 over Q4 March 2015. The result was announced on Saturday, 7 May 2016.

Tasty Bite Eatables' net profit rose 49.4% to Rs 16.12 crore on 17.5% rise in net sales to Rs 195.90 crore in the year ended March 2016 over the year ended March 2015.

Tasty Bite Eatables makes a range of sauces and formed frozen products to leaders in the food service industry.

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