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TD Power Systems jumps after strong Q4 results

Capital Market 

TD Power Systems rose 5.49% to Rs 260.20 at 10:16 on after consolidated net profit spurted 24323.17% to Rs 8.01 crore on 8.41% rise in net total from operations to Rs 128.63 crore in Q4 March 2017 over Q4 March 2016.

The announcement was made after market hours yesterday, 18 May 2017.

Meanwhile, the S&P Sensex was up 238.82 points, or 0.78% to 30,673.61.

On the BSE, 50,000 shares were traded in the counter so far, compared with average daily volumes of 76,084 shares in the past one quarter. The stock had hit a high of Rs 262 and a low of Rs 251.20 so far during the day.

The stock hit a 52-week high of Rs 271 on 15 May 2017. The stock hit a record low of Rs 155 on 7 March 2017.

The stock had outperformed the market over the past one month till 18 May 2017, rising 12.78% compared with 3.74% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 54.74% as against Sensex's 6.91% rise.

The small-cap company has equity capital of Rs 33.24 crore. Face value per share is Rs 10.

TD Power Systems is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, gas and wind turbines.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 19 2017. 10:16 IST