Commercial Engineers & Body Builders jumps as net loss narrows in Q2

Commercial Engineers & Body Builders Company surged 13.6% to Rs 20.05 at 14:20 IST on BSE after the company reported net loss of Rs 3.35 crore in Q2 September 2015, lower than net loss of Rs 8 crore in Q2 September 2014.

The result was announced after market hours yesterday, 4 November 2015.

Meanwhile, the S&P BSE Sensex was down 152.09 points or 0.57% at 26,400.83.

On BSE, so far 1.67 lakh shares were traded in the counter as against average daily volume of 22,780 shares in the past one quarter.

The stock hit a high of Rs 20.55 and a low of Rs 18.75 so far during the day. The stock had hit a 52-week high of Rs 30.40 on 15 April 2015. The stock had hit a 52-week low of Rs 15.50 on 8 September 2015.

The stock had outperformed the market over the past one month till 4 November 2015, surging 8.62% compared with Sensex's 1.27% rise. The scrip had, however, underperformed the market in past one quarter, declining 23.26% as against Sensex's 5.41% fall.

The small-cap company has equity capital of Rs 54.94 crore. Face value per share is Rs 10.

Commercial Engineers & Body Builders Company's net sales rose 80.4% to Rs 35.44 crore in Q2 September 2015 over Q2 September 2014.

Commercial Engineers & Body Builders manufactures vehicle bodies for commercial vehicles.

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