Saint Gobain Sekurit is on a roll today. Opening higher at Rs.22.25, the stock is currently up almost 9% at Rs.23.40, with volumes going up two times.

The stock is in the limelight post its Q1FY15 performance, wherein on a 15% (yoY) rise in net sales, the company reported a whopping 5 times rise in net profit at Rs.1 crore, up from Rs.20 lakh in Q1FY14 and Rs.21 lakh in Q4. With no tax outgo, the rise in net profit was unbridled.

Earlier known as Saint-Gobain, the stock remains a delisting hopeful, which leads to intermittent spike up in its stock price. The parent, Saint Gobain Sekurit holds 75% stake and its earlier delisting offer had to be aborted as enough shares were not tendered in the offer. It then decided to merge the company with Grindwell Norton, another company owned by the parent but that too was nixed by the small shareholders. FII stake in the company continues to remain zilch. At this juncture, only another delisting offer or announcement of expansion plans can re-rate the stock in the future.