Pitti Laminations was locked at 20% upper circuit at Rs 106.05 at 11:58 IST on BSE after net profit spurted 752.9% to Rs 2.90 crore on 98.5% growth in net sales to Rs 92.19 crore in Q3 December 2014 over Q3 December 2013.
The Q3 result was announced after market hours yesterday, 28 January 2015.
Meanwhile, the S&P BSE Sensex was down 81.72 points or 0.28% at 29,477.46.
On BSE, so far 1.15 lakh shares were traded in the counter as against average daily volume of 14,725 shares in the past one quarter.
The stock's current price of Rs 106.05 so far during the day is also its 52-week high for the counter. The stock hit a low of Rs 95 so far during the day. The stock had hit a 52-week low of Rs 30.70 on 12 February 2014.
The stock had outperformed the market over the past one month till 28 January 2015, advancing 22.35% compared with the Sensex's 8.51% rise. The scrip had also outperformed the market in past one quarter, surging 44.92% as against Sensex's 9.96% rise.
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The small-cap company has equity capital of Rs 13.49 crore.
Pitti Laminations' board of directors at its meeting held yesterday, 28 January 2015, approved 2-for-1 stock split.
Pitti Laminations is engaged in the manufacturing electric-grade steel stampings and laminations, which form important components in motors, rotors and other electrical components.
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