De Nora India is “hot” today. The stock, which on a two-week average has volumes of less than 2300 shares traded, today since the opening bell, has already seen some 38,000 shares changing hands. The stock is up currently at its intra day high at Rs.405, up 19%.

A subsidiary of Italian company De Nora, holding 53.68% stake, the company has a manufacturing facility at Goa, catering to the needs of the chlor-alkali industry, making electrolytic products.

The company performance for Q4FY16 has doubled all around. Net sales doubled to Rs.14 crore (YoY). Total costs rose 50%. Operating profit doubled to Rs.4 crore and the company ended Q4FY16 with a net profit at Rs.3 crore, doubled up from Rs.1.5 crore in Q4Fy15.

The performance for FY16 (15 month period) was also very good. Net sales showed a 70% jump at Rs.51 crore and net profit was up 3 times at Rs.12 crore.

Equity of the company stands at Rs.5.31 crore. Its EPS came in at a very good Rs.22 v/s Rs.8 in Fy15 (FV of Rs.10/share). It’s a debt free company, with reserves at Rs.34 crore and cash is at Rs.10 crore.