Excel Industries scales record high after blockbuster Q3 result

Excel Industries jumped 18.48% to Rs 883.40 at 10:57 IST on BSE after net profit spurted 1557.63% to Rs 19.56 crore on 60.11% growth in net sales to Rs 146.77 crore in Q3 December 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 7 February 2018.

Meanwhile, the S&P BSE Sensex was up 440.97 points, or 1.29% at 34,523.68. The S&P BSE Small-Cap index was up 369.46 points, or 2.08% at 18,101.09.

On the BSE, 60,000 shares were traded on the counter so far as against the average daily volumes of 7,546 shares in the past one quarter. The stock had hit a high of Rs 885 so far during the day, its record high. The stock had hit a low of Rs 777 so far during the day. The stock had hit a 52-week low of Rs 343.30 on 28 June 2017.

 

The stock had outperformed the market over the past 30 days till 7 February 2018, rising 2.18% compared with the Sensex's 1.05% fall. The scrip had also outperformed the market over the past one quarter, gaining 44.83% as against the Sensex's 2.5% rise. The scrip had also outperformed the market over the past one year, surging 96.52% as against the Sensex's 20.48% rise.

The small-cap company has equity capital of Rs 6.29 crore. Face value per share is Rs 5.

Excel Industries is engaged in the manufacture of a range of speciality and performance chemicals.

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