Garware-Wall Ropes surged after good Q1 earnings

Garware-Wall Ropes jumped 4.81% to Rs 882 at 14:35 IST on BSE after net profit rose 31.14% to Rs 25.98 crore on 13.71% increase in total income to Rs 250.47 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 1 September 2017.

Meanwhile, the S&P BSE Sensex was up 110.32 points, or 0.35% at 31,840.81. The S&P BSE Small-Cap index was up 137.82 points, or 0.86% at 16,129.45.

On the BSE, 1,398 shares were traded on the counter so far as against the average daily volumes of 4,927 shares in the past one quarter. The stock had hit a high of Rs 887.30 and a low of Rs 848 so far during the day. The stock had hit a record high of Rs 994.40 on 13 July 2017 and a 52-week low of Rs 468 on 6 September 2016.

 

The stock had underperformed the market over the past one month till 31 August 2017, declining 4.93% compared with the Sensex's 2.41% fall. The scrip had, however, outperformed the market over the past one quarter gaining 5.54% as against the Sensex's 1.88% rise. The scrip had also outperformed the market over the past one year advancing 76.64% as against the Sensex's 11.52% rise.

The small-cap company has equity capital of Rs 21.88 crore. Face value per share is Rs 10.

Garware-Wall Ropes manufactures and sells various products, such as ropes, twine, yarn, fishnet, nettings and technical textiles.

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