AIA Engg reaps better June results

DALAL STREET SPIKES

AIA Engineering has gained 8.13 per cent to close at Rs 684.5. Earlier during the day it touched an intra-day high of Rs 691. A total of 1,00,701 shares exchanged hands on the BSE.

The stock has appreciated nearly 17 per cent over the past week. The June quarter results have led to the rise in the stock price.

The company posted 95 per cent growth in net profit to Rs 15.29 crore compared with Rs 7.82 crore in the corresponding previous quarter. Net sales during the period increased to Rs 92.04 from Rs 61.06 crore.

The company's products find application in fast growing sectors such as cement, mining and thermal power generation.