Kanani Industries Ltd reported net sales of Rs 161.85 million for the quarter, down 21% from previous year, but net profit grew 299.2% to Rs 7.45 million. Equity capital stands at Rs 89.94 million. The company's stock price on BSE opened at Rs 39, touched a high of Rs 40.40 and closed at Rs 39.90, up 3.5% with trading volume of 31,507 shares. On NSE, trading volume was 38,325 shares.