Setco Automotive spurted 13.47% to Rs 47.60 at 10:52 IST on BSE after net profit surged 1304.1% to Rs 13.76 crore on 31.1% growth in net sales to Rs 134.65 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after market hours on Friday, 1 December 2017.Meanwhile, the S&P BSE Sensex was up 86.35 points or 0.26% at 32,919.29. The S&P BSE Small-Cap index was up 0.06%, underperforming the Sensex.
On the BSE, 19.06 lakh shares were traded on the counter so far as against average daily volumes of 1.94 lakh shares in the past one quarter. The stock had hit a high of Rs 48.25 so far during the day, which is a 52-week high. The stock hit a low of Rs 42.85 so far during the day. The stock had hit a 52-week low of Rs 33.45 on 27 March 2017.
The stock had outperformed the market over the past one month till 1 December 2017, advancing 4.48% compared with the Sensex's 2.28% fall. The stock had also outperformed the market over the past one quarter, gaining 7.98% as against the Sensex's 2.95% rise. The scrip had, however, underperformed the market over the past one year, advancing 9.96% as against the Sensex's 23.62% rise.
The small-cap company has equity capital of Rs 26.72 crore. Face value per share is Rs 2.
Setco Automotive is engaged in the manufacturing of premium quality Lipe brand clutches for commercial vehicles in India.
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