Kakatiya Cement Sugar & Industries zooms over 100% in one month
The stock is locked in upper circuit for a second straight day, up 10% at Rs 291, also its record high on the BSE.
 "Kakatiya Cement Sugar & Industries zooms over 100% in one month")
Kakatiya Cement Sugar & Industries is locked in upper circuit for the second straight day, up 10% at Rs 291, also its record high on the BSE.
In past one-month, the stock appreciated more than 100% from Rs 137 on March 11, 2016 as compared to a marginal 0.22% decline in the S&P BSE Sensex.
Post October-December (Q3FY16) results, it zoomed 177% from Rs 105 on February 11 against 7.5% rise in the benchmark index.
The company engaged in cement and sugar businesses had posted more than two-fold jump in net profit at Rs 11.75 crore for Q3FY16. It had profit of Rs 4.80 crore in the same quarter last fiscal. Net sales too jumped 129% at Rs 82.88 crore in Q3FY16 over the previous year quarter.
Till 01:35 pm, a combined 340,600 equity shares changed hands and there were pending buy orders for 98,088 shares on the BSE and NSE.
In past one-month, the stock appreciated more than 100% from Rs 137 on March 11, 2016 as compared to a marginal 0.22% decline in the S&P BSE Sensex.
Post October-December (Q3FY16) results, it zoomed 177% from Rs 105 on February 11 against 7.5% rise in the benchmark index.
The company engaged in cement and sugar businesses had posted more than two-fold jump in net profit at Rs 11.75 crore for Q3FY16. It had profit of Rs 4.80 crore in the same quarter last fiscal. Net sales too jumped 129% at Rs 82.88 crore in Q3FY16 over the previous year quarter.
Till 01:35 pm, a combined 340,600 equity shares changed hands and there were pending buy orders for 98,088 shares on the BSE and NSE.
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First Published: Apr 11 2016 | 1:39 PM IST