Varun Shipping Company jumped 11.87% to Rs 45.70 at 14:16 IST on BSE, after net profit galloped 1179.35 % to Rs 23.54 crore on 8.29% rise in total income to Rs 240.56 crore in Q1 June 2010 over Q1 June 2009 The company declared its results during trading hours today, 5 August 2010.
Meanwhile, the BSE Sensex was up 49.67 points, or 0.27% at 18,267.11.
On BSE, 26.21 lakh shares were traded in the counter as against an average daily volume of 55,970 shares in the past one quarter.
The stock hit a high of Rs 46.70 and a low of Rs 41 so far during the day. The stock had hit a 52-week high of Rs 63.50 on 28 August 2009 and a 52-week low of Rs 39.80 on 30 July 2010.
The small-cap stock had underperformed the market over the past one month till 5 August 2010, falling 3.08% as compared to the Sensex's return of 4.33%. It had also underperformed the market in the past one quarter, declining 18.30% as compared to the Sensex's 6.30% rise.
The company has an equity capital of Rs 150 crore. Face value per share is Rs 10.
During the quarter ended June 2010, the company earned Rs 108.36 crore as profit on sales of ship and other assets, much higher than Rs 46.48 crore in the corresponding previous year period. Varun Shipping said it sold one LPG carrier in Q1 June 2010.
Meanwhile, the BSE Sensex was up 49.67 points, or 0.27% at 18,267.11.
On BSE, 26.21 lakh shares were traded in the counter as against an average daily volume of 55,970 shares in the past one quarter.
The stock hit a high of Rs 46.70 and a low of Rs 41 so far during the day. The stock had hit a 52-week high of Rs 63.50 on 28 August 2009 and a 52-week low of Rs 39.80 on 30 July 2010.
The small-cap stock had underperformed the market over the past one month till 5 August 2010, falling 3.08% as compared to the Sensex's return of 4.33%. It had also underperformed the market in the past one quarter, declining 18.30% as compared to the Sensex's 6.30% rise.
The company has an equity capital of Rs 150 crore. Face value per share is Rs 10.
During the quarter ended June 2010, the company earned Rs 108.36 crore as profit on sales of ship and other assets, much higher than Rs 46.48 crore in the corresponding previous year period. Varun Shipping said it sold one LPG carrier in Q1 June 2010.