Jyothy Lab, Biocon, Delta Corp, Accelya Kale hit record highs

KPR Mill, Vakrangee, Aegis Logistics, Bodal Chemicals, IG Petro, Gujarat Alkalies, RPG Life and Surya Roshni too hit their respective record highs on BSE.

Jyothy Lab, Biocon, Delta Corp, Accelya Kale hit record highs

SI Reporter Mumbai
Shares of Jyothy Laboratories, Biocon, KPR Mill, Vakrangee and Aegis Logistics from the S&P BSE500 index hit their respective record highs during intra-day trade in an otherwise weak market.

At 02:28 pm, the S&P BSE Sensex was down 0.47% or 135 points at 28,499.

Accelya Kale Solutions, Asian Granito, Bodal Chemicals, Delta Corp, Gujarat Alkalis, I G Petrochemicals, Lumax Auto Technologies, RPG Life Sciences, Surya Roshni, Thirumalai Chemicals and Wim Plast from the S&P BSE Smallcap index touch their respective lifetime highs in intra-day trade today.

Jyothy Laboratories surged 6% to Rs 355 on back of huge trading volumes. A combined 931,503 shares changed hands on the counter against an average sub 100,000 shares that were traded daily in past two weeks on the BSE and NSE.

Since August 11, post April-June quarter (Q1FY17) earnings, the stock rallied 25%, after the company reported EBITDA (earnings before interest, taxes, depreciation and amortization) expansion of 130 basis points at 18.4% as against 17.1% reported in Q1FY16. The company’s net profit increased 78.2% year-on-year at Rs 45.9 crore for the quarter. The benchmark index gained 2.5% during the same period.

Accelya Kale Solutions has surged 8% to Rs 1,410 on the BSE in intra-day trade. The stock of IT consulting & software Company 15% in past four trading sessions after the company launches its analytics & consulting service to help leading global airlines unlock millions of dollars' worth of overlooked opportunities and savings in their existing operations.

Delta Corp soared 7% to Rs 168, appreciating 75% from Rs 96 since August after the company reported a consolidated net profit at Rs 20 crore for the quarter ended June 30, 2016 (Q1FY17). It had posted a net loss of Rs 1 crore in the year ago quarter.

First Published: Sep 20 2016 | 3:11 PM IST

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