Kennametal India jumped 6.05% to Rs 634 at 10:11 IST on BSE after the company reported net profit of Rs 5.28 crore in Q3 March 2014 as against net loss of Rs 3.10 crore in Q3 March 2013.
The company announced the result after market hours on Tuesday, 6 May 2014.
Meanwhile, the BSE Sensex was down 30.92 points, or 0.14%, to 22,477.50.
On BSE, so far 3,078 shares were traded in the counter, compared with an average volume of 2,402 shares in the past one quarter.
The stock hit a high of Rs 649 and a low of Rs 625 so far during the day. The stock hit a 52-week high of Rs 649 on 7 May 2014. The stock hit a 52-week low of Rs 365.50 on 30 July 2013.
The stock had outperformed the market over the past one month till 6 May 2014, rising 6.97% compared with the Sensex's 0.67% rise. The scrip had also outperformed the market in past one quarter, rising 12.97% as against Sensex's 10.82% rise.
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The small-cap company has an equity capital of Rs 21.98 crore. Face value per share is Rs 10.
Kennametal India's net sales rose 17.06% to Rs 134.51 crore in Q3 March 2014 over Q3 March 2013.
Kennametal India is a manufacturer of hard metal products and machine tools for the manufacturing industries, including auto and auto ancillaries, light and general engineering industries.
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