Singer India rose 3.37% to Rs 250.25 at 9:20 IST on BSE after the company said that its board of directors approved 5 for 1 stock split.
The announcement was made after market hours yesterday, 6 November 2017.Meanwhile, the S&P BSE Sensex was up 82.56 points, or 0.24%, to 33,813.75. The S&P BSE Small-Cap index was up 106.08 points, or 0.59%, to 18,016.98, outperforming the Sensex.
On the BSE, 5,165 shares were traded in the counter so far, compared with an average volume of 46,134 shares in the past one quarter. The stock had hit a high of Rs 253.50 and low of Rs 246.10 so far during the day. The stock had hit a record high of Rs 314.90 on 21 July 2017. The stock had hit a 52-week low of Rs 177.10 on 22 November 2016.
The stock had underperformed the market over the past one month till 6 November 2017, falling 11.11% compared with 6.03% gains in the Sensex. The scrip had also underperformed the market in the past one quarter, declining 13.07% as against Sensex's 4.35% rise. The scrip had also underperformed the market in the past one year, dropping 3.33% as against Sensex's 23.67% rise.
The small-cap company has an equity capital of Rs 10.74 crore. Face value per share is Rs 10.
Singer India's net profit fell 15.4% to Rs 1.92 crore on 3.9% rise in net sales to Rs 98.16 crore in Q1 June 2017 over Q1 June 2016.
Singer India is engaged in sewing machines and other consumer durable business.
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