V-Guard Industries extends rally to scale record high

V-Guard Industries jumped 8.28% to Rs 1,285.20 at 09:42 IST on BSE, with the stock extending yesterday's 20% rally triggered by declaring strong Q4 result.

Meanwhile, the BSE Sensex was down 148.34 points, or 0.59%, to 25,113.87

On BSE, so far 52,850 shares were traded in the counter, compared with an average volume of 43,935 shares in the past one quarter.

The stock hit a high of Rs 1,289 in intraday trade so far, which is a record high for the counter. The stock hit a low of Rs 1,163.60 so far during the day. The stock hit a 52-week low of Rs 786.60 on 12 February 2016.

The small-cap company has an equity capital of Rs 30.10 crore. Face value per share is Rs 10.

Shares of V-Guard Industries rose by its maximum permissible daily limit of 20% to settle at Rs 1,186.90 yesterday, 5 May 2016 after the company's net profit surged 109.1% to Rs 41.97 crore on 16% rise in net sales to Rs 510.07 crore in Q4 March 2016 over Q4 March 2015. The Q4 result was announced after market hours on Wednesday, 4 May 2016.

V-Guard Industries is a multi-product company catering to the light electricals sector manufacturing voltage stabilizers, invertors & digital ups systems, pumps, house wiring/LT cables, electric water heaters, fans, solar water heaters and has also recently forayed into induction cooktops switchgears and mixer grinders.

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