AIA Engineering drops on profit booking

AIA Engineering lost 3.02% to Rs 1,355.10 at 11:45 IST on BSE on profit booking after gaining 9.52% in the preceding four trading sessions to settle at Rs 1,397.30 yesterday, 12 January 2017, from its close of Rs 1,275.80 on 6 January 2017.

Meanwhile, the S&P BSE Sensex was down 26.15 points or 0.1% at 27,221.01

On BSE, 10,000 shares were traded in the counter as against average daily volume of 8,977 shares in the past one quarter. The stock had hit a high of Rs 1,420 and a low of Rs 1,331 so far during the day.

The stock had hit a record high of Rs 1,436.55 yesterday, 12 January 2017. The stock had hit a 52-week low of Rs 700 on 17 February 2016. The stock had outperformed the market over the past 30 days till 12 January 2017, rising 10.17% compared with Sensex's 2.42% rise. The scrip had also outperformed the market in past one quarter, rising 9.05% as against Sensex's 1.54% fall.

The large-cap engineering company has equity capital of Rs 18.86 crore. Face value per share is Rs 2.

AIA Engineering's consolidated net profit rose 13.24% to Rs 112.35 crore on 9.5% growth in total income to Rs 556.28 crore in Q2 September 2016 over Q2 September 2015.

AIA Engineering is involved in design, manufacture, supply and services of mills internals for both vertical as well as horizontal type of mills.

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