Ingersoll-Rand (India) jumps after strong Q1 result

Ingersoll-Rand (India) has surged around 7% to Rs 769 on the BSE after net profit jumped 119.3% to Rs 15.77 crore on 7% growth in net sales to Rs 149.31 crore in Q1 June 2016 over Q1 June 2015.

On BSE, so far 23,959 shares were traded in the counter as against average daily volume of 3,429 shares in the past one quarter. The stock hit a high of Rs 789 and a low of Rs 760 so far during the day. The stock had hit a 52-week low of Rs 583 on 17 February 2016.

The stock had hit a 52-week high of Rs 1,049 on 6 August 2015. The stock had outperformed the market over the past one month till 26 July 2016, rising 13.68% compared with 5.98% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 7.51% as against Sensex's 7.57% rise.

The small-cap company has equity capital of Rs 31.57 crore. Face value per share is Rs 10.

Ingersoll-Rand (India) delivers industrial products and solutions to markets such as automotive, process, pharmaceutical, food security, healthcare, mining, defence and other related industries.