PPAP Automotive rose 2.42% to Rs 333.75 at 15:06 IST on BSE after net profit surged 106.38% to Rs 8.73 crore on 23.92% growth in total income from operations to Rs 95.50 crore in Q4 March 2017 over Q4 March 2016.
The result was announced during market hours today, 23 May 2017.Meanwhile, the S&P BSE Sensex was down 156.93 points or 0.51% at 30,414.04. The S&P BSE Small-Cap index was down 237.68 points or 1.58% at 14,816.46.
On the BSE, 39,000 shares were traded on the counter so far as against the average daily volumes of 16,973 shares in the past one quarter. The stock had hit a high of Rs 342 so far during the day, which is a record high. The stock hit a low of Rs 302.70 so far during the day.
The stock had hit a 52-week low of Rs 122.10 on 8 June 2016. It had outperformed the market over the past one month till 22 May 2017, advancing 22.8% compared with the Sensex's 4.11% rise. The scrip had also outperformed the market over the past one quarter, gaining 52.12% as against the Sensex's 5.91% rise.
The small-cap company has equity capital of Rs 14 crore. Face value per share is Rs 10.
PPAP Automotive's board recommended a final dividend of Rs 1.75 per share for the year ended March 2017.
PPAP Automotive is engaged in the manufacture of automotive components.
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