Hawkins Cookers advances after strong Q3 result

Hawkins Cookers rose 2.08% to Rs 2,750 at 10:45 IST on BSE after net profit jumped 115.3% to Rs 6.61 crore on 26.4% growth in total income to Rs 143.07 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours yesterday, 4 February 2016.

Meanwhile, the S&P BSE Sensex was up 207.22 points or 0.84% at 24,542.99

On BSE, so far 2,995 shares were traded in the counter as against average daily volume of 2,653 shares over the past one quarter. The stock hit a high of Rs 2,880 and a low of Rs 2,750 so far during the day. The stock had hit a record high of Rs 4,493.85 on 4 February 2015. The stock hit a 52-week low of Rs 2,030 on 6 August 2015. The small-cap stock had outperformed the market over the past one month till 4 February 2016, falling 2.39% compared with 5.01% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.7% as against Sensex's 8.34% fall.

The domestic kitchen appliances maker has an equity capital of Rs 5.29 crore. Face value per share is Rs 10.

Hawkins Cookers is the leader in the pressure cooker market in India and exports its products to various countries.

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