Bharat Gears fell 5.76% to Rs 67.90 at 14:18 IST on BSE on profit booking after the stock jumped 26.29% in the preceding five trading sessions to Rs 72.05 on 21 August 2014, from a recent low of Rs 57.05 on 13 August 2014.
Meanwhile, the BSE Sensex was up 84.36 points, or 0.32%, to 26,444.47.
On BSE, so far 24,000 shares were traded in the counter, compared with an average volume of 18,750 shares in the past one quarter.
The stock hit a high of Rs 73 and a low of Rs 66.30 so far during the day. The stock hit a 52-week high of Rs 82 on 3 July 2014. The stock hit a 52-week low of Rs 23.25 on 28 August 2013.
The stock had outperformed the market over the past one month till 21 August 2014, rising 3% compared with 2.51% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 38.69% as against Sensex's 8.49% rise.
The small-cap company has an equity capital of Rs 7.82 crore. Face value per share is Rs 10.
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Bharat Gears reported net loss of Rs 4.94 crore in Q1 June 2014, higher than net loss of Rs 0.35 crore in Q1 June 2013. Net sales rose 3.59% to Rs 97.20 crore in Q1 June 2014 over Q1 June 2013.
Bharat Gears is a major global supplier of automotive gears and heat treatment furnaces. The company manufactures a wide range of ring gears and pinions, transmission gears and shafts, differential gears, gear boxes for the automotive industry.
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