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Century Enka extends gains after blockbuster Q4 result

Capital Market 

Century Enka gained 3.06% to Rs 215.50 at 14:02 IST on BSE, with the stock extending yesterday's gain after the company reported strong Q4 result.

Meanwhile, the S&P BSE Sensex was up 194.76 points or 0.78% at 25,296.49

On BSE, so far 94,360 shares were traded in the counter as against average daily volume of 41,200 shares in the past one quarter.

The stock hit a high of Rs 220 and a low of Rs 212.20 so far during the day. The stock had hit 52-week low of Rs 144.80 on 26 February 2016. The stock had hit a 52-week high of Rs 255.80 on 10 August 2015. The stock had outperformed the market over the past one month till 4 May 2016, rising 15.65% compared with Sensex's 1.17% fall. The scrip also outperformed the market in past one quarter, surging 21.36% as against Sensex's 3.14% gains.

The small-cap company has equity capital of Rs 21.85 crore. Face value per share is Rs 10.

Shares of Century Enka had gained 3.41% to settle at Rs 209.10 yesterday, 4 May 2016 after the company declared strong Q4 result after market hours on Tuesday, 3 May 2016. Century Enka's net profit jumped 1285.1% to Rs 19.53 crore on 8.8% decline in total income to Rs 282.53 crore in Q4 March 2016 over Q4 March 2015.

Century Enka manufactures polyester filament yarn, nylon filament yarn, polyester partially oriented yarn, polyester and nylon chips of industrial and fabric grade and nylon industrial yarn and nylon tyre cord fabrics.

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First Published: Thu, May 05 2016. 14:09 IST