Munjal Auto Industries gained 3.6% to Rs 110.65 at 11:00 IST on BSE after net profit jumped 43% to Rs 9.11 crore on 6.2% drop in total income from operations to Rs 236.21 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 22 May 2017.Meanwhile, the S&P BSE Sensex was down 159.39 points or 0.52% at 30,399.74. The S&P BSE Small-Cap index was down 337.41 points, or 2.24%, to 14,716.73.
High volumes were witnessed on the counter. On the BSE, 66,782 shares were traded in the counter so far as against average daily volume of 17,961 shares in the past one quarter. The stock had hit a high of Rs 113 and a low of Rs 109 so far during the day. The stock had hit a 52-week high of Rs 117.80 on 27 October 2016. The stock had hit a 52-week low of Rs 76 on 24 June 2016.
The stock had underperformed the market over the past one month till 22 May 2017, rising 2.4% compared with the Sensex's 4.11% rise. The scrip had, however, outperformed the market in past one quarter, rising 9.99% as against the Sensex's 5.91% rise.
The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.
Munjal Auto Industries' board of directors recommended final dividend of Rs 2 per share for the financial year ended 31 March 2017 (FY 2017).
The board also recommended 1:1 bonus issue of shares.
Munjal Auto Industries is a auto component manufacturing company in India.
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