Tasty Bite Eatables hit an upper circuit limit of 20% at Rs 2024.25 at 13:03 IST on BSE after net profit rose 85.22% to Rs 5.89 crore on 35.64% rise in net sales to Rs 58.61 crore in Q4 March 2016 over Q4 March 2015.
The result was announced on Saturday, 7 May 2016.Meanwhile, the BSE Sensex was up 306.29 points, or 1.21%, to 25,534.79 .
On BSE, so far 21,000 shares were traded in the counter, compared with an average volume of 813 shares in the past one quarter. The stock hit a high of Rs 2,024.25 and a low of Rs 1,885 so far during the day. The stock hit a record high of Rs 2,024.25 on 9 May 2016. The stock hit a 52-week low of Rs 783 on 25 August 2015. The stock had underperformed the market over the past one month till 6 May 2016, falling 1.50% compared with 1.32% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 9.31% as against Sensex's 2.48% rise.
The small-cap company has an equity capital of Rs 2.57 crore. Face value per share is Rs 10.
Tasty Bite Eatables' net profit rose 49.40% to Rs 16.12 crore on 17.48% rise in net sales to Rs 195.90 crore in the year ended March 2016 over the year ended March 2015.
Tasty Bite Eatables makes a range of sauces and formed frozen products to leaders in the food service industry.
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