Vardhman Textiles gains after strong Q3 results

Vardhman Textiles rose 2.7% to Rs 368.50 at 10:48 IST on BSE after net profit jumped 109.6% to Rs 175.24 crore on 30.7% growth in net sales to Rs 1415.98 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Tuesday, 4 February 2014.

Meanwhile, the S&P BSE Sensex was down 75.02 points or 0.37% at 20,136.91.

On BSE, so far 8,239 shares were traded in the counter as against average daily volume of 11,358 shares in the past one quarter.

The stock hit a high of Rs 380 and a low of Rs 366 so far during the day. The stock had hit a 52-week high of Rs 410.25 on 22 November 2013. The stock had hit a 52-week low of Rs 241 on 27 May 2013.

The stock had underperformed the market over the past one month till 4 February 2014, declining 4.24% compared with Sensex's 3.07% fall. The scrip had, however, outperformed the market in past one quarter, sliding 1.35% as against Sensex's 4.84% fall.

The company has equity capital of Rs 63.65 crore. Face value per share is Rs 10.

Vardhman Textiles is an integrated textile manufacturer, engaged across the textile value chain, in manufacturing yarn, greige and processed fabric, sewing thread and acrylic fibre.

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