KSB Pumps gained 2.02% to Rs 796.20 at 9:37 IST on BSE after net profit rose 21.1% to Rs 27.35 crore on 30.9% growth in net sales to Rs 328.19 crore in Q4 December 2017 over Q4 December 2016.
The results were announced after market hours yesterday, 22 February 2018.Meanwhile, the S&P BSE Sensex was up 107.65 points or 0.32% at 33,927.15. The S&P BSE Small-Cap index rose 0.7%, outperforming the Sensex.
On the BSE, 207 shares were traded on the counter so far as against average daily volumes of 3,660 shares in the past one quarter. The stock had hit a high of Rs 810 and a low of Rs 787.80 so far during the day. The stock had hit a record high of Rs 936 on 16 January 2018 and a 52-week low of Rs 600 on 20 March 2017.
The stock had underperformed the market over the past one month till 22 February 2018, sliding 11.82% compared with the Sensex's 5.53% fall. The stock had also underperformed the market over the past one quarter, declining 8.17% as against the Sensex's 0.77% rise. The scrip had, however, outperformed the market over the past one year, surging 23.02% as against the Sensex's 17.17% rise.
The small-cap company has equity capital of Rs 34.81 crore. Face value per share is Rs 10.
KSB Pumps' board recommended dividend of Rs 6 per share for the year ended 31 December 2017.
KSB Pumps manufactures pumps and valves. The company supplies its products to customers from industry and building services, original equipment manufacturers, the energy industry, mining and the public sector, power plants, process engineering etc.
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