Shivam Autotech rose 1.56% to Rs 65 at 10:19 IST on BSE after the company announced that it has achieved about 8% increase in sales in May 2018 over May 2017.
The announcement was made after market hours on Friday, 1 June 2018.Meanwhile, the BSE Sensex was down 43.12 points, or 0.12%, to 35,184.14.
On the BSE, 2,259 shares were traded in the counter so far, compared with an average volume of 12,000 shares in the past two weeks. The stock had hit a high of Rs 66.40 and low of Rs 63.50 so far during the day. The stock had hit a record high of Rs 108.15 on 23 October 2017. The stock had hit a 52-week low of Rs 50.20 on 2 June 2017.
The small-cap company has an equity capital of Rs 20 crore. Face value per share is Rs 2.
Shivam Autotech reported net profit of Rs 2.32 crore in Q3 December 2017, compared with net loss of Rs 7.60 crore in Q3 December 2016. Net sales rose 19.27% to Rs 127.71 crore in Q3 December 2017 over Q3 December 2016.
Shivam Autotech is one of the largest manufacturers of transmission gears and shafts in India.
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