AIA Engineering spurts to 52-week high after strong Q2 earnings

AIA Engineering spurted 11.87% to Rs 435 at 14:35 IST on BSE after consolidated net profit surged 83.4% to Rs 73.60 crore on 11.68% growth in total income from operations to Rs 491.75 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced during trading hours today, 1 November 2013.

Meanwhile, the S&P BSE Sensex was up 54.44 points or 0.26% at 21,218.96.

On BSE, 2.12 lakh shares were traded in the counter as against average daily volume of 1,794 shares in the past one quarter.

The stock was volatile. The stock rose as much as 18.82% at the day's high of Rs 462.05 so far during the day, which is also its 52-week high for the counter. The stock lost as much as 2.79% at the day's low of Rs 378 so far during the day. The stock had hit a 52-week low of Rs 275 on 24 May 2013.

The stock had outperformed the market over the past one month till 31 October 2013, surging 23.01% as compared to the Sensex's 9.21% rise. The scrip had also outperformed the market in the past one quarter, jumping 29.16% compared with the Sensex's 9.4% rise.

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

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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