V-Guard Inds gains after Q2 earnings

The company reported standalone net profit of Rs. 23.06 crore for the quarter, registering growth of 20.35% yoy and (8.34%) qoq.

Shares of V-Guard Industries were trading higher at Rs.950 on BSE. The company reported standalone net profit of Rs. 23.06 crore for the quarter, registering growth of 20.35% yoy and (8.34%) qoq. Company’s revenue stood at Rs. 433.40 crore, witnessed growth of 0.49% yoy and (13.19%) qoq.

The scrip opened at Rs. 950 and has touched a high and low of Rs. 960.55 and Rs. 943 respectively. So far 10482(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2798.08 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1197 on 31-Dec-2014 and a 52 week low of Rs. 810 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 957.25 and Rs. 896.55 respectively.

The promoters holding in the company stood at 65.95 % while Institutions and Non-Institutions held 24.21 % and 9.84 % respectively.

The stock is currently trading below its 200 DMA.