Alok Industries rose 10.93% to Rs 12.18 at 15:11 IST on BSE after net profit rose 32.1% to Rs 43.48 crore on 25% increase in net sales to Rs 3725.26 crore in Q3 June 2014 over Q3 June 2013.
The result was announced after market hours on Thursday, 14 August 2014.
Meanwhile, the BSE Sensex was up 280.04 points, or 1.07%, to 26,383.27.
On BSE, so far 83.42 lakh shares were traded in the counter, compared with an average volume of 67.54 lakh shares in the past one quarter.
The stock hit a high of Rs 12.70 and a low of Rs 10.85 so far during the day. The stock hit a 52-week high of Rs 16.32 on 11 June 2014. The stock hit a 52-week low of Rs 5.80 on 26 March 2014.
The stock had underperformed the market over the past one month till 14 August 2014, falling 10.37% compared with 4.38% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 41.86% as against Sensex's 9.61% rise.
The small-cap company has an equity capital of Rs 1377.12 crore. Face value per share is Rs 10.
Meanwhile, the board of Alok Industries has decided that the accounting year of the company be extended to 31 March 2015.
Alok Industries is India's largest fully integrated textile company with a dominant presence in the cotton and polyester segments.
Powered by Capital Market - Live News
