Shares of six auto ancillaries companies – ABC Bearings, Automobile Corporation of India, Bharat Gears, Bharat Seats, Minda Industries and Timken India – hit their respective new highs on Tuesday. These companies reported strong results for the quarter ended September 2017 (Q2FY18). The aggregate net profit of these 6 companies increased by 65% to Rs 132 crore in Q2FY18 against Rs 80 crore in the same quarter last year. Automobile Corporation of Goa locked in upper circuit of 20% at Rs 1,077 on the BSE with no sellers seen on the counter. The trading volumes on the counter more than doubled with 33,000 shares changed hands. There were pending buy orders for 9,360 shares at 02:10 PM. Since October 30, the stock zoomed 49% from Rs 425 after the company reported 51% year on year (Y-o-Y) growth in net profit at Rs 7.74 crore in Q2FY18.
It had profit of Rs 5.14 crore in a year ago quarter.
|Net profit in Rs crore|
|Auto. Corp.of Goa||5.14||7.74||50.6|
|Net profit figures for quarter ended|
|Source : CapitalinePlus|
|COMPANY||LATEST||ALL TIME HIGH||PREV HIGH||PREV DATE|
|AUTO. CORP. OF GOA||1077.05||1077.05||940.00||17-Nov-17|