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Banswara Syntex jumps after strong Q2 earnings

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Capital Market

Banswara Syntex rose 5.37% to Rs 85.35 at 13:15 IST on BSE after consolidated net profit rose 85.27% to Rs 5.41 crore on 1.94% rise in net sales to Rs 314.93 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours yesterday, 4 November 2015.

Meanwhile, the BSE Sensex was down 92.67 points, or 0.35%, to 26,460.25.

On BSE, so far 8,652 shares were traded in the counter, compared with an average volume of 3,142 shares in the past one quarter.

The stock hit a high of Rs 91 and a low of Rs 83 so far during the day. The stock hit a 52-week high of Rs 116.60 on 3 August 2015. The stock hit a 52-week low of Rs 57.30 on 17 June 2015.

 

The stock had underperformed the market over the past one month till 4 November 2015, falling 0.55% compared with 1.27% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 28.13% as against Sensex's 5.41% decline.

The small-cap company has an equity capital of Rs 16.96 crore. Face value per share is Rs 10.

Banswara Syntex is a vertically integrated textile mill manufacturing man-made synthetic blended yarn, wool and wool mixed yarn, all type of fabrics, jacquard furnishing fabrics, besides production of readymade garments and made-up's. It has also production of technical fabric.

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First Published: Nov 05 2015 | 1:17 PM IST

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