Hind Rectifiers jumps after good Q4 result

Hind Rectifiers galloped 13.87% to Rs 73.50 at 14:51 IST on BSE after net profit rose 36.28% to Rs 3.23 crore on 3.94% fall in net sales to Rs 34.82 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced during market hours today, 27 May 2015.

Meanwhile, the S&P BSE Sensex was up 13.83 points or 0.05% at 27,545.24

On BSE, so far 51,581 shares were traded in the counter as against average daily volume of 7,836 shares in the past one quarter.

The stock hit a high of Rs 77 and low of Rs 63.75 so far during the day. The stock had hit a 52-week high of Rs 105 on 14 January 2015. The stock hit a 52-week low of Rs 42.15 on 18 August 2014.

The small-cap company has equity capital of Rs 3.01 crore. Face value per share is Rs 2.

Hind Rectifiers said that the board of directors of the company at its meeting held today, 27 May 2015, has not recommended any dividend for the financial year ended 31 March 2015.

Hind Rectifiers is engaged in developing, designing, manufacturing and marketing semiconductor, electronic equipments and railway transportation equipments.

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