Bharat Seats surged 10.66% to Rs 220 at 10:45 IST on BSE after net profit jumped 190.9% to Rs 10.24 crore on 18.4% growth in net sales to Rs 259.05 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after market hours yesterday, 6 November 2017.Meanwhile, the S&P BSE Sensex was down 104.21 points or 0.31% at 33,626.98. The S&P BSE Small-Cap index fell 126.77 points or 0.71% at 17,784.13.
On the BSE, 1.99 lakh shares were traded on the counter so far as against average daily volumes of 92,826 shares in the past one quarter. The stock had hit a high of Rs 237.90 so far during the day, which is a record high. The stock hit a low of Rs 212.15 so far during the day. The stock had hit a 52-week low of Rs 45.05 on 21 November 2016.
The stock had outperformed the market over the past one month till 6 November 2017, advancing 18.97% compared with the Sensex's 6.03% rise. The stock had also outperformed the market over the past one quarter, gaining 65.32% as against the Sensex's 4.35% rise. The scrip had also outperformed the market over the past one year, advancing 235.81% as against the Sensex's 23.67% rise.
The small-cap company has equity capital of Rs 6.28 crore. Face value per share is Rs 2.
Bharat Seats is a joint venture of Suzuki Motor Corporation, Japan, Maruti Suzuki India and the Relans for the manufacture of complete seating systems and interior components for the automotive and surface transport.
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