Subros rose 2.7% to Rs 93.10 at 12:00 IST on BSE after the company has reinstated full supplies to its customer, Maruti Suzuki India from its other plants at Noida, Pune and Chennai after a fire incident at its Manesar plant.
The announcement was made on Saturday, 18 June 2016.Meanwhile, the BSE Sensex was up 113.28 points, or 0.43%, to 26,739.19.
On BSE, so far 8,967 shares were traded in the counter, compared with an average volume of 36,939 shares in the past one quarter. The stock hit a high of Rs 94.20 and a low of Rs 92.60 so far during the day. The stock hit a record high of Rs 118.40 on 28 February 2015. The stock hit a 52-week low of Rs 54 on 18 June 2015. The stock had underperformed the market over the past one month till 17 June 2016, falling 5.08% compared with 3.31% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 8.37% as against Sensex's 7.9% rise.
The small-cap company has an equity capital of Rs 12 crore. Face value per share is Rs 2.
Subros added that it is working on fast-track basis to re-build the Manesar facilities in Haryana so as to commence production in phased manner after the operations were affected at Manesar plant due to a fire accident in that plant on 29 May 2016. The company had intimated about the fire at its Manesar plant on 30 May 2016.
Subros' net profit rose 5.5% to Rs 7.85 crore on 17.5% rise in net sales to Rs 358.89 crore in Q4 March 2016 over Q4 March 2015.
Subros is India's largest and leading automotive air conditioning systems and thermal products for automotive applications. Subros manufactures compressors condensers, heat exchangers and all connecting elements required to complete AC loop and caters to all segments viz. passenger vehicles, buses, trucks, refrigeration transport, & railways.
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