Vesuvius India corrects on profit booking

Vesuvius India fell 6.69% to Rs 986 at 15:15 IST on BSE on profit booking after hitting an upper circuit limit of 20% yesterday, 8 August 2016.

Meanwhile, the BSE Sensex was down 120.61 points, or 0.43%, to 28,061.96. 41

On BSE, so far 98,000 shares were traded in the counter, compared with average daily volume of 1,411 shares in the past one quarter. The stock hit a high of Rs 1,077 so far during the day, which is also a record high for the counter. The stock hit a low of Rs 983.95 so far during the day. The stock hit a 52-week low of Rs 620 on 25 August 2015. The stock had outperformed the market over the past 30 days till 8 August 2016, rising 20.72% compared with 3.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.64% as against Sensex's 9.35% rise.

The small-cap company has equity capital of Rs 20.30 crore. Face value per share is Rs 10.

Shares of Vesuvius India hit an upper circuit limit of 20% to end at Rs 1,056.65 yesterday, 8 August 2016, after the company's net profit rose 23.5% to Rs 23.81 crore on 23.4% rise in net sales to Rs 207.36 crore in Q2 June 2016 over Q2 June 2015. The result was announced during market hours yesterday, 8 August 2016.

Vesuvius India is primarily a manufacturer and trader of refractories.

Powered by Capital Market - Live News