Vaibhav Global hits 52-week high

Vaibhav Global rose 3.53% to Rs 505 at 10:11 IST on BSE after consolidated net profit surged 122.8% to Rs 19.58 crore on 8.2% growth in net sales to Rs 375.87 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 15 May 2017.

Meanwhile, the S&P BSE Sensex was up 109.80 points or 0.36% at 30,431.92. The BSE Small-Cap index was up 33.91 points or 0.22% at 15,684.28.

On the BSE, 4,047 shares were traded on the counter so far as against the average daily volumes of 2,749 shares in the past one quarter. The stock had hit a high of Rs 512.15 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 501 so far during the day.

The stock had hit a 52-week low of Rs 236 on 23 May 2016. It had outperformed the market over the past one month till 15 May 2017, advancing 14.78% compared with the Sensex's 2.92% rise. The scrip had also outperformed the market over the past one quarter, gaining 17.16% as against the Sensex's 7.69% rise.

The small-cap company has equity capital of Rs 32.55 crore. Face value per share is Rs 10.

Vaibhav Global is an electronic retailer of discount fashion jewelry and lifestyle accessories.

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