Orient Cement rose 2.84% to Rs 177.20 at 11:07 IST on BSE after net profit surged 224.53% to Rs 85.48 crore on 2.17% decline in net sales to Rs 387.42 crore in Q4 March 2015 over Q4 March 2014.
The result was announced after market hours on Friday, 8 May 2015.
Meanwhile, the BSE Sensex was up 310.27 points, or 1.14%, to 27,415.66.
On BSE, so far 41,000 shares were traded in the counter, compared with an average volume of 14,750 shares in the past one quarter.
The stock hit a high of Rs 194.15 and a low of Rs 176.60 so far during the day. The stock hit a record high of Rs 200 on 22 January 2015. The stock hit a 52-week low of Rs 51 on 12 May 2014.
The stock had underperformed the market over the past one month till 8 May 2015, falling 9% compared with 5.58% fall in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 8.20% as against Sensex's 5.62% fall.
The mid-cap company has an equity capital of Rs 20.49 crore. Face value per share is Rs 1.
Orient Cement's net profit rose 92.81% to Rs 194.78 crore on 7.35% rise in net sales to Rs 1535.34 crore in the year ended March 2015 over the year ended March 2014.
Orient Cement is a cement manufacturer catering to its varied customers placed across the country.
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