Shares of Seamec hit an upper circuit of 20 per cent to close at Rs 47.75 on the announcement of its Q4 results. Net profit has increased from Rs 54.6 crore in Q4 FY08 compared to a net loss of Rs 15.9 y-o-y last year. The total income grew to Rs 104.4 crore in Q4 vis-à-vis Rs 22.3 crore, in the same period.
For the full-year, total income and net profits grew by 57.5 per cent and 27.3 per cent, respectively in FY08. The stock made an intraday low of Rs 44.6 with trading volumes of 57,000 shares (about 10-times higher than its two-week average activity).