V-Guard Industries gains after fixing record date for stock split

V-Guard Industries gained 1.03% to Rs 1,768.70 at 14:13 IST on BSE after the company announced that it has fixed 31 August 2016 as the record date for 10 for 1 stock split.

The announcement was made during market hours today, 19 August 2016.

Meanwhile, the S&P BSE Sensex was down 59.01 points or 0.21% at 28,064.43.

On BSE, so far 5,904 shares were traded in the counter as against average daily volume of 6,705 shares in the past one quarter. The stock hit a high of Rs 1,794.80, so far during the day, which is a record high for the stock. The stock hit a low of Rs 1,753.90 so far during the day. The stock had hit a 52-week low of Rs 786.60 on 12 February 2016. The stock had outperformed the market over the past one month till 18 August 2016, gaining 25.89% compared with 1.36% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 46.92% as against Sensex's 9.41% rise.

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

V-Guard Industries' net profit jumped 70% to Rs 42.78 crore on 15.3% growth in net sales to Rs 569.90 crore in Q1 June 2016 over Q1 June 2015.

V-Guard Industries makes consumer electrical and electronics products.

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