Finolex Industries rose 1.3% to Rs 400.75 at 15:25 IST on BSE after net profit jumped 183.51% to Rs 78.47 crore on 4.39% rise in total income to Rs 824.31 crore in Q4 March 2016 over Q4 March 2015.
The result was announced on Saturday, 21 May 2016.Meanwhile, the S&P BSE Sensex was down 82.38 points or 0.33% at 25,219.52.
High volumes were witnessed on the counter. On BSE, so far 73,549 shares were traded in the counter as against average daily volume of 12,533 shares in the past one quarter. The stock hit a high of Rs 420 and a low of Rs 396.40 so far during the day.
The mid-cap company has equity capital of Rs 124.10 crore. Face value per share is Rs 10.
Finolex Industries said that the board of directors of the company at its meeting held on 21 May 2016 recommended final dividend of Rs 10 per share for the yesr ended 31 March 2016 (FY 2016) which includes Rs 2.50 per share as special dividend to pay homage to late Mr. P P Chhabria, founder promoter of the company.
Finolex Industries is the largest PVC-U pipe manufacturer in India.
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