KSB Pumps hits 52-week high

KSB Pumps surged 8.84% to Rs 668 at 14:39 IST on BSE after net profit jumped 141.02% to Rs 15.45 crore on 11.25% growth in net total income from operations to Rs 210.58 crore in Q1 March 2016 over Q1 March 2015.

The result was announced during market hours today, 26 April 2016.

Meanwhile, the S&P BSE Sensex was up 311.81 points or 1.21% at 25,990.74.

On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 2,886 shares in the past one quarter. The stock hit a high of Rs 719.25 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 605 so far during the day. The stock had hit a 52-week low of Rs 499 on 20 January 2016. The stock had underperformed the market over the past one month till 25 April 2016, sliding 7.29% compared with Sensex's 1.35% rise. The scrip had, however, outperformed the market in past one quarter, surging 12.51% as against Sensex's 4.87% rise.

The small-cap company has equity capital of Rs 34.81 crore. Face value per share is Rs 10.

KSB Pumps manufactures pumps and valves. The company supplies its products to customers from industry and building services, OEMs, the energy industry, mining and the public sector, power plants, process engineering etc. KSB's products are also used in chemical, petrochemical and other industries to transport aggressive, corrosive, explosive, solids-laden and viscous liquids, industrial and municipal waste water and in the areas of heating and air conditioning.

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