V-Guard Industries gallops to 52-week high after stellar Q4 result

V-Guard Industries jumped 12.48% to Rs 1,112.50 at 10:15 IST on BSE after 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 yesterday, 4 May 2016.

Meanwhile, the BSE Sensex was up 132.13 points, or 0.53%, to 25,233.86

On BSE, so far 24,590 shares were traded in the counter, compared with an average volume of 42,434 shares in the past one quarter.

The stock hit a high of Rs 1,133.55 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 1,062 so far during the day. The stock 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 4 May 2016, gaining 11.12% compared with Sensex's 1.17% fall. The scrip had also outperformed the market in past one quarter, advancing 10.4% as against Sensex's 3.14% gains.

The small-cap company has an equity capital of Rs 30.09 crore. Face value per share is Rs 10.

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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