TVS Srichakra rose 2.88% at Rs 2,540 at 09:45 IST on BSE after net profit rose 51.2% to Rs 51.44 crore on 16.2% rise in total income to Rs 543.68 crore in Q4 March 2016 over Q4 March 2015.
The result was announced after market hours yesterday, 11 May 2016.Meanwhile, the BSE Sensex was up 196.68 points, or 0.77%, to 25,793.70
On BSE, so far 3,707 shares were traded in the counter as against an average daily volume of 1,502 shares in the past one quarter. The stock hit a high of Rs 2,552.55 and a low of Rs 2,500 so far during the day. The stock had hit a record high of Rs 3,249 on 18 August 2015 and a 52-week low of Rs 1,600 on 9 June 2015. The stock had underperformed the market over the past one month till 11 May 2016, falling 0.32% compared with 2.30% rise in the Sensex. The scrip also underperformed the market in past one quarter, rising 7.32% as against Sensex's 11.52% rise.
The small-cap tyres manufacturer has equity capital of Rs 7.66 crore. Face value per share is Rs 10.
TVS Srichakra is one of India's leading two-and three-wheeler tyre manufacturer rolling out more than 11 million tyres annually. The company is recognised as a large manufacturer of industrial pneumatic tyres, flotation, motorgrader, farm & implement tyres, skid steer tyres, multipurpose tyres and vintage tyres.
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