Suprajit Engineering rose 2.82% to Rs 40.15 at IST on BSE, with the stock extending Wednesday's 4.13% gains triggered by the company reporting record sales in October 2013.
Meanwhile, the S&P BSE Sensex was up 16.49 points or 0.08% at 20,911.43.
On BSE, 83,000 shares were traded in the counter as against average daily volume of 15,271 shares in the past one quarter.
The stock was volatile. The stock rose as much as 11.01% at the day's high of Rs 43.35 so far during the day, which is also its record high for the counter. The stock lost as much as 1.4% at the day's low of Rs 38.50 so far in the day. The stock had hit a 52-week low of Rs 26.20 on 29 November 2012.
The stock had outperformed the market over the past one month till 6 November 2013, surging 8.32% as compared to the Sensex's 4.92% rise. The scrip had also outperformed the market in the past one quarter, jumping 14.68% as compared to the Sensex's 11.54% rise.
The small-cap company has equity capital of Rs 12 crore. Face value per share is Re 1.
Shares of Suprajit Engineering have risen 7.06% in two trading sessions from Rs 37.50 on 5 November 2013 after the company during trading hours on Wednesday, 6 November 2013 said its total sales rose 27% to cross Rs 60 crore in October 2013 over October 2012. The stock had risen 4.13% to settle at Rs 39.05 on Wednesday, 6 November 2013.
Suprajit Engineering said that the sales in October 2013 are its highest-ever sales.
Suprajit Automotive, a 100% Export Oriented subsidiary of Suprajit Engineering has clocked the sales of Rs 5.16 crore in October 2013, as against Rs 2.65 crore of previous year, a growth of 94%, an all time high, the company said.
Suprajit Engineering's consolidated net profit rose 18.3% to Rs 12.86 crore on 13.3% growth in net sales to Rs 122.50 crore in Q2 September 2013 over Q2 September 2012.
Suprajit Engineering is engaged in manufacturing and selling auto components. It produces automotive, non-automotive and push-pull cables.
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