Ingersoll-Rand (India) rose 3.40% to Rs 464 at 11:40 IST on BSE after net profit rose 16.99% to Rs 21.41 crore on 0.47% decline in net total income from operations to Rs 133.05 crore in Q4 March 2014 over Q4 March 2013.
The company announced results during trading hours today, 7 May 2014.
Meanwhile, the BSE Sensex was down 64.70 points, or 0.29%, to 22,443.72.
On BSE, so far 28,000 shares were traded in the counter, compared with an average volume of 7,310 shares in the past one quarter.
The stock hit a high of Rs 469.90 and a low of Rs 447 so far during the day. The stock hit a 52-week high of Rs 473.95 on 31 March 2014. The stock hit a 52-week low of Rs 301 on 3 September 2013.
The stock had outperformed the market over the past one month till 6 May 2014, rising 2.48% compared with the Sensex's 0.67% rise. The scrip had also outperformed the market in past one quarter, rising 20.29% as against Sensex's 10.82% rise.
The small-cap company has an equity capital of Rs 31.57 crore. Face value per share is Rs 10.
Ingersoll-Rand (India)'s net profit fell 14.10% to Rs 66.95 crore on 1.17% decline in total income from operations (net) to Rs 578.72 crore in the year ended March 2014 over the year ended March 2013.
Ingersoll-Rand (India) manufactures industrial equipment. The company's products include air compressors, stationary generators, tools, material handling, pumps and electric vehicles.
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