Business Standard

Ucal Fuel Systems zooms 20% on strong Q2 net profit

The stock locked in upper circuit of 20% at Rs 235 on the BSE after the company reported nearly doubled net profit at Rs 15.98 crore in Q2FY18

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters
Premium

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai. Photo: Reuters

SI Reporter Mumbai
Ucal Fuel Systems was locked in upper circuit of 20% at Rs 235 on the BSE after the company reported nearly doubled net profit at Rs 15.98 crore in September quarter (Q2FY18). The auto ancillary company had profit of Rs 8.03 crore in the same quarter year ago.

Total income of the company however, declined 7% to Rs 160 crore against Rs 172 crore in the corresponding quarter of previous fiscal.

The trading volumes on the counter jumped multiple-fold with a combined 854,278 shares changed hands till 09.28 AM. There were pending buy orders for 167,938 shares on

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in