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Goodricke Group surges after strong Q1 earnings

Capital Market 

Goodricke Group jumped 7.02% to Rs 240 at 10:46 on after net profit spurted 54.6% to Rs 22.24 crore on 23.9% increase in net sales to Rs 152.16 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 7 August 2017.

Meanwhile, the S&P Sensex was down 209.96 points, or 0.65% at 32,063.71. The S&P Small-Cap index was down 167.28 points, or 1.04% at 15,941.93.

High volumes were witnessed on the counter. On the BSE, 32,000 shares were traded on the counter so far as against the average daily volumes of 9,655 shares in the past one quarter. The stock had hit a high of Rs 251.90 and a low of Rs 235 so far during the day. The stock had hit a 52-week high of Rs 306.75 on 27 February 2017 and a 52-week low of Rs 162.10 on 5 August 2016.

The stock had underperformed the market over the past one month till 7 Aug 2017, declining 8% compared with the Sensex's 2.91% rise. The scrip had also underperformed the market over the past one quarter declining 15.76% as against the Sensex's 8.09% rise. The scrip had, however, outperformed the market over the past one year advancing 35.58% as against the Sensex's 14.94% rise.

The small-cap company has equity capital of Rs 21.60 crore. Face value per share is Rs 10.

Goodricke Group is engaged in the business of cultivation, manufacture and sale of tea.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 10:49 IST