La Opala zoms up and up
By
Research Desk
about 9 years ago
La Opala RG, a seldom heard and traded stock has today shown an over 26 times spurt in its volumes. From a two week average of around 4100 shares being traded, today alone 1.08 lakh trades have been clocked. The stock at one point rose 14% to hit Rs.434.40 and it is now at Rs.412, up over 8%.
The company is a manufacturer and marketer of life style products in tableware segment, mainly in glass, opal and crystal. The market is enthused because it posted a set of very good set of numbers for Q4FY15. Net sales rose 25% (YoY) at Rs.60 crore and net profit was at Rs.11 crore, up 37%. EBITDA for the quarter was at Rs.17 crore, up 21% and margins fell from 28.65% to 27.87%. And it ended FY15 with a net profit of Rs.42 crore, up 40%.