Advanta spurted 10.16% to Rs 337.10 at 15:16 IST on BSE after consolidated net profit galloped 981.14% to Rs 18.92 crore on 24.09% growth in total income from operations to Rs 386.59 crore in Q3 September 2014 over Q3 September 2013.
The Q3 result was announced during market hours today, 31 October 2014.
Meanwhile, the S&P BSE Sensex was up 515.01 points or 1.88% at 27,861.34.
On BSE, so far 1.31 lakh shares were traded in the counter as against average daily volume of 7,445 shares in the past one quarter.
The stock hit a high of Rs 359.70 so far during the day, which is a record high for the counter. The stock hit a low of Rs 305.15 so far during the day. The stock had hit a 52-week low of Rs 96.35 on 27 January 2014.
The stock had underperformed the market over the past one month till 30 October 2014, sliding 2.61% compared with Sensex's 2.69% rise. The scrip had, however, outperformed the market in past one quarter, surging 5.9% as against Sensex's 4.83% rise.
The small-cap company has equity capital of Rs 16.87 crore. Face value per share is Rs 2.
The net profit in Q3 September 2013 was negatively impacted by an exceptional expenditure of Rs 12.48 crore.
Advanta is primarily engaged in the business of hybrid seeds.
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