Rane (Madras) rose 10.11% to Rs 625.80 at 14:13 IST on BSE after net profit rose 21.07% to Rs 8.39 crore on 10.54% increase in revenue from operations to Rs 289.72 crore in Q2 September 2017 over Q2 September 2016.
The result was announced during trading hours today, 22 November 2017.Meanwhile, the S&P BSE Sensex was up 117.37 points, or 0.35% to 33,595.72.
On the BSE, 22,000 shares were traded in the counter so far, compared with average daily volumes of 3,807 shares in the past one quarter. The stock had hit a high of Rs 637.20 and a low of Rs 573.45 so far during the day.
The stock had outperformed the market over the past 30 days till 21 November 2017, rising 8.11% compared with 2.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.09% as against Sensex's 6.05% rise. The scrip had also outperformed the market in past one year, rising 47.66% as against Sensex's 28.96% rise.
The small-cap company has equity capital of Rs 11.61 crore. Face value per share is Rs 10.
Rane (Madras) (RML) is engaged in the manufacture of components for transportation industry.
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