Fedders Lloyd Corp spurts after strong Q3 results

Fedders Lloyd Corporation jumped 15.49% to Rs 82.40 at 13:51 IST on BSE after net profit rose 12.8% to Rs 15.15 crore on 19.4% growth in net sales to Rs 373.08 crore in Q3 March 2015 over Q3 March 2014.

The result was announced on Saturday, 9 May 2015.

Meanwhile, the S&P BSE Sensex was up 366.77 points or 1.35% at 27,472.16.

On BSE, so far 1.63 lakh shares were traded in the counter as against average daily volumes of 36,692 shares in the past one quarter.

The stock hit a high of Rs 84.55 and a low of Rs 74.75 so far during the day. The stock had hit a 52-week high of Rs 95.95 on 27 August 2014. The stock had hit a 52-week low of Rs 48.10 on 12 May 2014.

The stock had underperformed the market over the past one month till 8 May 2015, sliding 7.4% compared with Sensex's 5.58% fall. The scrip had, however, outperformed the market in past one quarter, advancing 2% as against Sensex's 5.62% fall.

The small-cap company has equity capital of Rs 30.77 crore. Face value per share is Rs 10.

Fedders Lloyd manufactures window air conditioners, split/ducatable air conditioners, package air conditioners, chillers, transport air conditioners and heat exchangers.

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