Rasoya Proteins spurts 76.4% in 14 sessions

Rasoya Proteins was locked at 5% upper circuit at Rs 0.76 at 10:22 IST on BSE, with the stock extending recent sharp rally.

Meanwhile, the S&P BSE Sensex was down 80.06 points or 0.28% at 28,389.61.

On BSE, so far 13.70 lakh shares were traded in the counter as against average daily volume of 40.76 lakh shares in the past one quarter.

The stock opened with an upward gap surging by the maximum permissible level of 5% and remained locked at 5% level at Rs 0.76 so far in the day. The stock had hit a record high of Rs 20.80 on 23 September 2014. The stock had hit a 52-week low of Rs 0.41 on 2 March 2015.

The stock had outperformed the market over the past one month till 19 March 2015, surging 30.36% compared with the Sensex's 3.37% fall. The scrip had, however, underperformed the market in past one quarter, sliding 59.67% as against Sensex's 4.01% rise.

The small-cap company has equity capital of Rs 170.89 crore. Face value per share is Re 1.

Shares of Rasoya Proteins have rallied a whopping 76.74% in fourteen trading sessions from a recent low of Rs 0.43 on 28 February 2015.

Rasoya Proteins' consolidated net profit fell 81.3% to Rs 3.41 crore on 73.4% decline in net sales to Rs 177.85 crore in Q3 December 2014 over Q3 December 2013.

Rasoya Proteins is one of India's leading soyabean processor. Its core concentration is on soya based products. The company deals with a varied range of soya products in domestic and international markets.

Courtesy: Capital Market