Shanthi Gears jumped 6.77% to Rs 143.50 at 14:37 IST on BSE after net profit advanced 42.49% to Rs 6.74 crore on 16.76% rise in total income to Rs 56.65 crore in Q3 December 2017 over Q3 December 2016.
The result was announced after market hours yesterday, 6 February 2018.Meanwhile, the S&P BSE Sensex was down 68.44 points or 0.2% at 34,127.50. The S&P BSE Small-Cap index was up 365.36 points or 2.1% at 17,757.43.
On BSE, so far 1,959 shares were traded in the counter as against average daily volume of 23,230 shares in the past one quarter. The stock hit a high of Rs 143.50 and a low of Rs 137.60 so far during the day. The stock hit a 52-week high of Rs 178.90 on 21 December 2017. The stock hit a 52-week low of Rs 104 on 9 March 2017.
The stock had underperformed the market over the past one month till 6 February 2018, falling 20.73% compared with 0.46% fall in the Sensex. The scrip also underperformed the market in past one quarter, falling 0.96% as against Sensex's 2.94% rise. The scrip also underperformed the market in past one year, gaining 14.58% as against Sensex's 20.68% rise.
The small-cap company has equity capital of Rs 8.17 crore. Face value per share is Re 1.
Shanthi Gears manufactures a wide range of power transmission products which includes gears, gear boxes, geared motors and gear assemblies both standard and custom-made.
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