Lakshmi Electrical up on strong numbers

DALAL STREET SPIKES

Lakshmi Electrical Control on Monday appreciated 8.4 per cent to end at Rs 217.6, after touching a high of Rs 220.75. A little over 2,000 shares were traded on Monday.

The company reported a significant 80 per cent growth in the June 2006 quarter net profit to Rs 1.66 crore from Rs 0.92 crore in the corresponding previous quarter. At the same time, its net sales grew 31 per cent to Rs 14.82 crore from Rs 11.3 crore.

The company "� manufacturer of thermal overload relays, electrical control panels and industrial plastic components etc "� derives a major chunk of business from control panels. It is believed that the company will benefit from major capital expenditure lined up in the manufacturing sector.