Thiru Arooran Sugars hit an upper circuit limit of 10% at Rs 108.05 at 10:30 IST on BSE after the company reported net profit of Rs 27.38 crore in Q4 March 2016 compared with net loss of Rs 18.61 crore in Q4 March 2015.
The result was announced after market hours yesterday, 14 June 2016.Meanwhile, the BSE Sensex was up 91.41 points, or 0.35%, to 26,487.12.
On BSE, so far 28,000 shares were traded in the counter, compared with an average volume of 10.10 lakh shares in the past one quarter. The stock hit a low of Rs 105.10 in intraday trade. The stock hit a 52-week high of Rs 108.05 on 15 June 2016. The stock hit a 52-week low of Rs 22.15 on 11 September 2015. The stock had outperformed the market over the past one month till 14 June 2016, rising 43.12% compared with 2.89% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 111.75% as against Sensex's 6.94% rise.
The small-cap company has an equity capital of Rs 11.32 crore. Face value per share is Rs 10.
Thiru Arooran Sugars' net sales fell 41.7% to Rs 49.77 crore in Q4 March 2016 over Q4 March 2015.
Thiru Arooran Sugars is engaged in the manufacture of sugar and potable/industrial alcohol, including ethanol. The company's segments include sugar, distillery and power.
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