Super Spinning Mills on a roll over net profit surge

DALAL STREET SPIKES

Super Spinning Mills jumped by nearly five per cent to close at Rs 394.90 on the BSE following robust Q2FY06 results. The scrip touched an intra-day high of Rs 401.80.

The surge in price was accompanied by a sizeable increase in the volume. Against a fortnightly average of 9660 shares 51336 shares were traded on the BSE.

The company's net profit surged to Rs 5.88 crore from Rs 0.14 crore in Q2 September 2004. Super Spinning Mills is mainly into the production of cotton yarn.

The company's revenue from the cotton yarn and garments segment during the quarter rose slightly to Rs 86.36 crore from Rs 85.63 crore in Q2 September 2004.