Manugraph India rides high on better quarterly

DALAL STREET SPIKES

Manugraph India went up 5 per cent to Rs 658.70 "� the maximum permissible level of the day. The scrip ended the day with buy orders for 28,126 shares pending on BSE.

Manugraph India, the country's largest manufacturer of offset printing machines for newspapers, had earlier reported a mammoth 428 per cent jump in the first quarter results.

The net profit of the company was reported to be Rs 15.05 crore as against Rs 2.85 crore in the previous year. The net sales rose to Rs 86.66 crore (Rs 40.21 crore). Manugraph is the leading player in newspaper printing machine segment and has global tie-ups.