Singer India has soared 19% to Rs 43.45 on back of huge volumes after reporting a net profit of Rs 3.80 crore for the fourth quarter ended June 30, 2012. The industrial machinery maker had reported loss of Rs 1.88 crore in previous year quarter. Net sales grew 34% at Rs 41.88 crore on year-on-year (yoy) basis.
For the year ended June 2012, the company has recorded over three-fold jump in net profit at Rs 10.21 crore over the previous year.
The stock opened at Rs 39.95 and hit a high of Rs 43.95 on the BSE. As many as 68,829 shares have already changed hands on the counter so far against an average sub 5,000 shares that were traded daily in past two weeks.
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