Shanthi Gears surged 8.56% to Rs 59.60 at 12:32 IST on BSE, with the stock extending Wednesday's 7.64% rally triggered by the company reporting good Q2 earnings.
Meanwhile, the S&P BSE Sensex was up 138.21 points or 0.67% at 20,906.09.
On BSE, 76,000 shares were traded in the counter as against average daily volume of 4,795 shares in the past one quarter.
The stock hit a high of Rs 60 and a low of Rs 55.15 so far in the day. The stock had hit a 52-week high of Rs 73.95 on 26 October 2012. The stock had hit a 52-week low of Rs 48.55 on 3 May 2013.
The stock had outperformed the market over the past one month till 23 October 2013, surging 7.12% compared with the Sensex's 4.36% rise. The scrip had also outperformed the market in past one quarter, jumping 9.8% as against Sensex's 2.29% rise.
The small-cap company has equity capital of Rs 8.17 crore. Face value per share is Re 1.
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Shares of Shanthi Gears have rallied 16.86% in two trading sessions from Rs 51 on 22 October 2013, after the company at the fag end of trading hours on Wednesday, 23 October 2013, reported good Q2 earnings. The stock had surged 7.64% to settle at Rs 54.90 on Wednesday, 23 October 2013.
Shanthi Gears' net profit rose 17.7% to Rs 6.73 crore on 7% growth in net sales to Rs 40.64 crore in Q2 September 2013 over Q2 September 2012.
Shanthi Gears manufactures a wide range of products that include gears, gear boxes, geared motors and gear assemblies.
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