Wheels India rose 1.78% to Rs 737.05 at 11:21 IST on BSE, with the stock extending Monday's 0.78% gains triggered by the company reporting good Q1 results.
Meanwhile, the BSE Sensex was up 124.43 points or 0.71% to 17,537.39.
On BSE, 8,245 shares were traded in the counter as against average daily volume of 28,586 shares in the past one quarter.
The stock hit a high of Rs 750 and a low of Rs 727.40 so far during the day. The stock had hit a record high of Rs 807 on 30 May 2012. The stock had hit a 52-week low of Rs 229.95 on 5 October 2011.
The small-cap stock had outperformed the market over the past one month till 6 August 2012, rising 0.72% compared with the Sensex's 0.62% fall. The scrip had also outperformed the market in past one quarter, jumping 32.45% as against the Sensex's 3.46% rise.
The company has equity capital of Rs 9.87 crore. Face value per share is Rs 10.
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Shares of Wheels India have risen 2.58% in two trading sessions from Rs 718.50 on 3 August 2012, after the company during trading hours on Monday, 6 August 2012 reported good Q1 results. The stock had risen 0.78% to settle at Rs 724.15 on Monday, 6 August 2012.
Wheels India's net profit rose 24.2% to Rs 8.93 crore on 11.2% growth in net sales to Rs 472.41 crore in Q1 June 2012 over Q1 June 2011.
Wheels India is engaged in manufacturing of steel wheels for commercial vehicles, passenger cars, utility vehicles, agricultural tractors and construction equipment.
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