Precision Wires India was locked at 20% upper circuit at Rs 172.05 at 15:13 IST on BSE after net profit rose 75.75% to Rs 9.35 crore on 23.34% growth in total revenue to Rs 310.40 crore in Q1 June 2017 over Q1 June 2016.
The result was announced during market hours today, 6 September 2017.Meanwhile, the S&P BSE Sensex was down 150.67 points or 0.47% at 31,658.88. The S&P BSE Small-Cap index rose 58.26 points or 0.36% at 16,251.44.
On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 10,984 shares in the past one quarter. The stock had hit a low of Rs 145.30 so far during the day. The stock had hit a 52-week low of Rs 103 on 21 November 2016.
The stock had outperformed the market over the past one month till 5 September 2017, sliding 0.38% compared with the Sensex's 1.6% fall. The stock had also outperformed the market over the past one quarter, gaining 3.73% as against the Sensex's 1.6% rise. The scrip had also outperformed the market over the past one year, advancing 30.9% as against the Sensex's 11.49% rise.
The small-cap company has equity capital of Rs 11.56 crore. Face value per share is Rs 5.
Precision Wires India is the largest manufacturer of copper winding wires in the country.
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