Sutlej Textiles showed a volume of 1300 over a two-week average and today, till noon, it has already clocked volumes of almost 1.3 lakh shares. A jump of over 98 times! Intra day, the stock price jumped up 16% at Rs.614.40. Its 52-week high is at Rs.624.

The company posted an excellent set of numbers for Q4FY16. YoY, total revenue was at Rs. 558 crore, up 17%. EBITDA came in at Rs. 77 crore, up 13% and it ended the quarter with a net profit at Rs.49 crore, up 78%.

In April 2015, the company had acquired Birla Textile Mills (BTM) and post this, the total spinning capacity of Sutlej stands increased at 77,688 spindles as on 31^st March, 2016. The company is adding 35,280 spindles at its Bhawani Mandi, Rajasthan facility at a project cost of Rs. 270 crore, to be funded via internal accruals and debt. The company is also expanding its home textiles division – increasing capacity to 9.6 million metres p.a at a cost of Rs. 88.5 crore.