Singer India has soared 7% to Rs 109, extending its Friday’s 4% gain, ahead of its April-June (Q4) quarter earnings tomorrow.
The board will also recommend dividend for the financial year ended June 30, 2013, after a gap of more than one decade.
The company engaged in industrial machinery business had recorded more than double net profit at Rs 13.70 crore for the first nine months ended March 31, 2013, against Rs 6.41 crore during the same period year ago.
The stock opened at Rs 105 and touched high of Rs 111 on BSE. Around 59,000 shares change hands on the counter so far against an average 33,000 shares that were traded daily in past two weeks on BSE.
The board will also recommend dividend for the financial year ended June 30, 2013, after a gap of more than one decade.
The company engaged in industrial machinery business had recorded more than double net profit at Rs 13.70 crore for the first nine months ended March 31, 2013, against Rs 6.41 crore during the same period year ago.
The stock opened at Rs 105 and touched high of Rs 111 on BSE. Around 59,000 shares change hands on the counter so far against an average 33,000 shares that were traded daily in past two weeks on BSE.
