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TVS Electronics spurts after reporting strong Q4 earnings

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jumped 7.81% to Rs 204.20 at 12:12 on after net profit spurted 627.5% to Rs 5.82 crore on 858.8% increase in net sales to Rs 941.32 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P Sensex was up 147.56 points, or 0.49% at 30,335.71. The S&P Small-cap index was up 129.44 points, 0.83% at 15,658.27.

High volumes were witnessed on the counter. On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 40,560 shares in the past one quarter. The stock had hit a high of Rs 207.85 and a low of Rs 197.65 so far during the day.

The stock had hit a record high of Rs 231.90 on 13 December 2016 and a 52-week low of Rs 87.65 on 29 August 2016. The stock had underperformed the market over the past one month till 12 May 2017, declining 2.25% compared with the Sensex's 1.84% rise. The scrip had also underperformed the market over the past one quarter declining 6.35% as against the Sensex's 6.54% rise.

The small-cap company has equity capital of Rs 18.61 crore. Face value per share is Rs 10.

is engaged in manufacturing of computer printers, trading of computer printers/keyboards and telecommunication parts, distribution of mobile phones, and offering services.

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

First Published: Mon, May 15 2017. 12:15 IST
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