Vaibhav Global surged 5.59% at Rs 591 at 15:13 IST on BSE after the company said it has commenced the commercial production of jewelry at newly setup manufacturing unit located at SEZ- II at Jaipur, Rajasthan.
The announcement was made after market hours yesterday, 30 November 2015.
Meanwhile, the S&P BSE Sensex was up 43.99 points or 0.17% at 26,189.66.
On BSE, so far 27,000 shares were traded in the counter as against average daily volume of 9,819 shares in the past one quarter.
The stock hit a high of Rs 618 and a low of Rs 552.10 so far during the day. The stock had hit a 52-week high of Rs 859 on 30 January 2015. The stock had hit a 52-week low of Rs 352.95 on 8 October 2015.
The stock had outperformed the market over the past one month till 30 November 2015, surging 15.12% compared with Sensex's 1.92% fall. The scrip had also outperformed the market in past one quarter, jumping 41.28% as against Sensex's 0.93% fall.
The small-cap company has equity capital of Rs 32.50 crore. Face value per share is Rs 10.
On consolidated basis, Vaibhav Global's net profit fell 51.4% to Rs 12.11 crore on 7.1% decline in net sales to Rs 298.40 crore in Q2 September 2015 over Q2 September 2014.
Vaibhav Global is an electronic retailer of discount fashion jewelry and lifestyle accessories.
Powered by Capital Market - Live News
