Sharda Motor Industries was up 2.91% to Rs 2,971.95 at 15:20 IST on BSE after net profit rose 47.28% to Rs 18.69 crore on 15.94% growth in total income to Rs 336.03 crore in Q1 June 2017 over Q1 June 2016.
The result was announced during market hours today, 5 September 2017.Meanwhile, the S&P BSE Sensex was up 105.58 points or 0.33% at 31,807.83. The S&P BSE Small-Cap index rose 162.26 points or 1.01% at 16,192.41.
On the BSE, 10,000 shares were traded on the counter so far as against the average daily volumes of 1,624 shares in the past one quarter. The stock had hit a high of Rs 3,099.65 so far during the day, which is a record high. The stock hit a low of Rs 2,865.10 so far during the day. The stock had hit a 52-week low of Rs 950.10 on 27 December 2016.
The stock had outperformed the market over the past one month till 4 September 2017, advancing 7.87% compared with the Sensex's 1.93% fall. The stock had also outperformed the market over the past one quarter, gaining 19.34% as against the Sensex's 1.37% rise. The scrip had also outperformed the market over the past one year, advancing 146.26% as against the Sensex's 11.11% rise.
The small-cap company has equity capital of Rs 5.95 crore. Face value per share is Rs 10.
Sharda Motor Industries operates in the automotive industry. The company is one of the leading manufacturers of exhaust systems, suspension systems, seat trim and seat frames.
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