Jost's Engineering gallops on turnaround in Q3

Jost's Engineering Company galloped 8.55% to Rs 1,230 at 11:57 IST on BSE after the company reported net profit of Rs 0.88 crore in Q3 December 2017 compared with net loss of Rs 1.91 crore in Q3 December 2016.

The result was announced on Saturday, 3 February 2018.

Net sales rose 0.3% to Rs 17.41 crore in Q3 December 2017 over Q3 December 2016.

Meanwhile, the S&P BSE Sensex was down 321.51 points or 0.92% at 34,745.24. The S&P BSE Small-Cap index was down 177.55 points or 0.99% at 17,669.98, underperforming the Sensex.

High volumes were witnessed on the counter. On the BSE, 5,174 shares were traded on the counter so far as against the average daily volumes of 1,162 shares in the past one quarter. The stock had hit a high of Rs 1,246.40 and a low of Rs 1,111.15 so far during the day. The stock had hit a record high of Rs 1,720 on 3 January 2018. The stock had hit a 52-week low of Rs 527.75 on 1 March 2017.

The stock had underperformed the market over the past 30 days till 2 February 2018, falling 30.39% compared with 3.71% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 27.54% as against Sensex's 4.45% rise. The scrip had also outperformed the market in past one year, jumping 75.36% as against Sensex's 24.23% rise.

The small-cap company has equity capital of Rs 0.93 crore. Face value per share is Rs 10.

The stock had slumped 14.48% in five sessions to settle at Rs 1133.10 on 2 February 2018, from a close of Rs 1,325 on 25 January 2018.

Jost's Engineering Company manufactures material handling, industrial finishing and engineered products.

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