ALSO READIndia Nippon Electricals standalone net profit rises 117.16% in the June 2017 quarter India Nippon Electricals standalone net profit declines 18.64% in the March 2017 quarter Board of India Nippon Electricals recommends dividend India Nippon Electricals to hold board meeting India Nippon Electricals declares Quarterly Result
India Nippon Electricals was locked at 20% upper circuit at Rs 769.25 at 12:19 IST on BSE after net profit spurted 117.2% to Rs 13.29 crore on 24.9% increase in net sales to Rs 103.87 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 9 August 2017.
High volumes were witnessed on the counter. On the BSE, 95,000 shares were traded on the counter so far as against the average daily volumes of 1,494 shares in the past one quarter. The stock had hit a high of Rs 769.25 so far during the day, which is also its record high.
The stock hit a low of Rs 717 so far during the day. The stock had hit a 52-week low of Rs 386.15 on 29 August 2016.
The stock had underperformed the market over the past one month till 9 Aug 2017, declining 0.08% compared with the Sensex's 1.39% rise. The scrip had also underperformed the market over the past one quarter sliding 0.2% as against the Sensex's 6.23% rise. The scrip had, however, outperformed the market over the past one year advancing 60.26% as against the Sensex's 13.22% rise.
The small-cap company has equity capital of Rs 11.31 crore. Face value per share is Rs 10.
India Nippon Electricals makes electronic ignition systems for two-wheelers, three wheelers and portable engines.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)