V-Guard Industries hits record high

V-Guard Industries surged 5.5% to Rs 765 at 14:01 IST on BSE after net profit rose 26.1% to Rs 22.25 crore on 16.7% rise in net sales to Rs 473.90 crore in Q1 June 2014 over Q1 June 2013.

The Q1 result was announced on Tuesday, 29 July 2014, when the stock market was closed on account of Ramzan Id.

Meanwhile, the BSE Sensex was down 124.49 points, or 0.48%, to 25,866.74

On BSE, so far 52,255 shares were traded in the counter, compared with an average volume of 14,900 shares in the past one quarter.

The stock hit a record high of Rs 802.40 in intraday trade today, 30 July 2014. The stock hit a low of Rs 735.90 so far during the day. The stock hit a 52-week low of Rs 403.05 on 5 March 2014.

The stock had outperformed the market over the past one month till 28 July 2014, rising 24.45% compared with 3.55% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 49.09% as against Sensex's 14.84% rise.

The small-cap company has an equity capital of Rs 29.85 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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