Kirloskar Ferrous Industries rose 0.99% to Rs 76.60 at 15:19 IST on BSE after the company announced resumption of one mini blast furnace from today, 17 January 2017 after completion of upgrade.
The announcement was made during market hours today, 17 January 2017.Meanwhile, the S&P BSE Sensex was down 45.04 points, or 0.17% to 27,243.13
On BSE, 1.34 lakh shares were traded in the counter as against average daily volume of 90,827 shares over the past one quarter. The stock hit a high of Rs 77.80 and a low of Rs 74.40 so far during the day.
The stock had hit a 52-week high of Rs 94.70 on 17 October 2016. The stock had hit a 52-week low of Rs 39.75 on 12 February 2016. The stock had outperformed the market over the past 30 days till 16 January 2017, rising 5.35% compared with the 3.01% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 13.41% as against Sensex's 2.72% decline.
The company has an equity capital of Rs 68.65 crore. Face value per share is Rs 5.
On 19 September 2016, Kirloskar Ferrous Industries had announced that one mini blast furnace (MBF-I) of the company situated at Koppal plant, Karnataka has been shut down from 19 September 2016 on account of MBF-I upgrade. Kirloskar Ferrous Industries said that the upgrade of MBF-I has been completed and the commercial production has commenced from today, 17 January 2017.
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Kirloskar Ferrous Industries' net profit rose 23.56% to Rs 22.55 crore on 2.07% decline in net sales to Rs 289.78 crore in Q2 September 2016 over Q2 September 2015.
Kirloskar Ferrous Industries' principal activity is to manufacture and supply iron castings.
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