Mahamaya Steel Industries announced the resignation of Niraj Kansal, Independent Director of the Company.

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Net profit of Mahamaya Steel Industries rose 124.14% to Rs 3.25 crore in the quarter ended March 2018 as against Rs 1.45 crore during the previous quarter ended March 2017. Sales rose 69.76% to Rs 120.58 crore in the quarter ended March 2018 as against Rs 71.03 crore during the previous quarter ended March 2017.

For the full year,net profit declined 0.39% to Rs 2.53 crore in the year ended March 2018 as against Rs 2.54 crore during the previous year ended March 2017. Sales rose 16.94% to Rs 296.94 crore in the year ended March 2018 as against Rs 253.93 crore during the previous year ended March 2017.

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Motor & General Finance Ltd, Himadri Speciality Chemical Ltd, Vardhman Polytex Ltd and Tara Jewels Ltd are among the other gainers in the BSE's 'B' group today, 08 May 2018.

Mahamaya Steel Industries Ltd soared 20.00% to Rs 87 at 12:05 IST. The stock was the biggest gainer in the BSE's 'B' group. On the BSE, 48291 shares were traded on the counter so far as against the average daily volumes of 1921 shares in the past one month.

Motor & General Finance Ltd spiked 17.47% to Rs 60.85. The stock was the second biggest gainer in 'B' group. On the BSE, 31501 shares were traded on the counter so far as against the average daily volumes of 1841 shares in the past one month.

Himadri Speciality Chemical Ltd surged 12.62% to Rs 137.4. The stock was the third biggest gainer in 'B' group. On the BSE, 5.95 lakh shares were traded on the counter so far as against the average daily volumes of 2.06 lakh shares in the past one month.

Vardhman Polytex Ltd gained 11.58% to Rs 21.2. The stock was the fourth biggest gainer in 'B' group. On the BSE, 35702 shares were traded on the counter so far as against the average daily volumes of 2701 shares in the past one month.

Tara Jewels Ltd advanced 9.95% to Rs 10.06. The stock was the fifth biggest gainer in 'B' group. On the BSE, 2348 shares were traded on the counter so far as against the average daily volumes of 14956 shares in the past one month.

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Mahamaya Steel Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 30 April 2018.

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