Omkar Speciality Chemicals surged 10.49% to Rs 89 at 12:19 IST on BSE after net profit rose 37.6% to Rs 7.65 crore on 6.7% increase in net sales to Rs 85.95 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours on Monday, 14 August 2017.
Meanwhile, the S&P BSE Sensex was up 67.50 points, or 0.21% at 31,516.53. The S&P BSE Small-Cap index was up 80.10 points, or 0.53% at 15,172.72.
On the BSE, 74,000 shares were traded on the counter so far as against the average daily volumes of 87,272 shares in the past one quarter. The stock had hit a high of Rs 89.80 and a low of Rs 84 so far during the day. The stock had hit a record high of Rs 120.05 on 14 July 2017 and a 52-week low of Rs 63.13 on 9 November 2016.
The stock had underperformed the market over the past one month till 14 Aug 2017, declining 30.59% compared with the Sensex's 1.79% fall. The scrip had also underperformed the market over the past one quarter declining 13.28% as against the Sensex's 4.18% rise. The scrip had also underperformed the market over the past one year advancing 9.77% as against the Sensex's 11.71% rise.
The small-cap company has equity capital of Rs 20.58 crore. Face value per share is Rs 10.
Omkar Speciality Chemicals is primarily engaged in the manufacture and sale of specialty chemicals and intermediates for chemical and allied industries.
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