Kirloskar Pneumatic Company jumped 10.87% to Rs 958 at 10:29 IST on BSE, with the stock extending Thursday's rally triggered by the company reporting strong Q3 December 2016 results.
Meanwhile, the S&P BSE Sensex was down 118.31 points or 0.43% at 27,190.29.
On the BSE, 23,000 shares were traded on the counter so far as against the average daily volumes of 2,440 shares in the past one quarter. The stock had hit a high of Rs 1,028 so far during the day, which is also its record high. The stock hit a low of Rs 905 so far during the day.
The stock had hit a 52-week low of Rs 622 on 15 February 2016. The stock had outperformed the market over the past one month till 19 January 2017, advancing 22.26% compared with the Sensex's 3.54% rise. The scrip had also outperformed the market over the past one quarter declining 0.27% as against the Sensex's 2.41% fall.
The small-cap company has equity capital of Rs 12.84 crore. Face value per share is Rs 10.
Shares of Kirloskar Pneumatic Company have rallied 30.73% in two trading sessions from its close of Rs 732.80 on 18 January 2017, after the company during market hours yesterday, 19 January 2017 reported strong Q3 December 2016 results. The stock had surged 17.92% to settle at Rs 864.10 yesterday, 19 January 2017.
Kirloskar Pneumatic Company's net profit jumped 288.9% to Rs 20.03 crore on 21.4% rise in net sales to Rs 123.91 crore in Q3 December 2016 over Q3 December 2015.
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Kirloskar Pneumatic Company started its operations with the manufacture of air compressors and pneumatic tools. New product lines were then added, including air conditioning and refrigeration systems, marine HVACR, process gas systems and hydraulic power transmission machinery.
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