Sundaram-Clayton rose 3.99% to Rs 2030 after consolidated net profit rose 9.17% to Rs 149.77 crore on a 10.37% fall in revenue from operations to Rs 5220.75 crore in Q2 September 2019 over Q2 September 2018.
The Q2 earnings came in during market hours today, 18 October 2019.Meanwhile, the S&P BSE Sensex was up 161 points or 0.41% to 39212.68.
On the BSE, 72,353 shares were traded in the counter so far compared with average daily volumes of 105 shares in the past two weeks. The stock hit a high of Rs 2190 and a low of Rs 1999.95 so far during the day.
The stock hit a 52-week high of Rs 3985 on 22 Oct 2018. The stock hit a 52-week low of Rs 1700 on 20 Aug 2019.
Sundaram-Clayton, a TVS Group company, is a leading manufacturer of machined aluminum die-castings, producing over 50,000 tonnes of castings for the passenger car, commercial vehicle and two-wheeler industries in India and globally.
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