FAG Bearings India rose 3.16% to Rs 4,326 at 12:17 IST on BSE after net profit rose 20.8% to Rs 49.27 crore on 10.5% growth in net sales to Rs 428.77 crore in Q1 June 2015 over Q1 June 2014.
The Q1 result was announced after market hours yesterday, 16 July 2015.
Meanwhile, the S&P BSE Sensex was up 18.08 points or 0.06% at 28,464.20.
On BSE, so far 470 shares were traded in the counter as against average daily volume of 737 shares in the past one quarter.
The stock hit a high of Rs 4,395 and a low of Rs 4,268 so far during the day. The stock had hit a record high of Rs 4,580 on 8 April 2015. The stock had hit a 52-week low of Rs 2,556.10 on 17 July 2014.
The stock had underperformed the market over the past one month till 16 July 2015, surging 6.18% compared with Sensex's 6.59% rise. The scrip had also underperformed the market in past one quarter, sliding 5.94% as against Sensex's 0.77% fall.
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The mid-cap company has equity capital of Rs 16.62 crore. Face value per share is Rs 10.
FAG Bearings India has its presence in automotive and across all core industrial segments.
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