Vinyl Chemicals jumps after good Q4 earnings

Vinyl Chemicals (India) surged 5.26% to Rs 87 at 11:55 IST on BSE after net profit rose 11.8% to Rs 3.41 crore on 9.1% growth in net sales to Rs 91.69 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 18 May 2015.

Meanwhile, the S&P BSE Sensex was down 13.83 points or 0.05% at 27,673.47.

On BSE, so far 15,000 shares were traded in the counter as against average daily volume of 10,355 shares in the past one quarter.

The stock hit a high of Rs 89.50 and a low of Rs 84 so far during the day. The stock had hit a record high of Rs 95.90 on 9 January 2015. The stock had hit a 52-week low of Rs 16.75 on 16 May 2014.

The stock had outperformed the market over the past one month till 18 May 2015, sliding 2.54% compared with Sensex's 2.65% fall. The scrip had also outperformed the market in past one quarter, surging 14.55% as against Sensex's 5.57% fall.

The small-cap company has equity capital of Rs 1.83 crore. Face value per share is Rs 1.

Vinyl Chemicals (India) is in the business of selling various speciality chemicals mainly to textile, paints and adhesive sectors.

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