KSB Pumps spurts after strong Q3 results

KSB Pumps surged 4.07% to Rs 224.90 at 10:23 IST on BSE after net profit jumped 38.5% to Rs 17.90 crore on 11.5% growth in net sales to Rs 188.16 crore in Q3 September 2013 over Q3 September 2012.

The Q3 result was announced after market hours on Monday, 28 October 2013.

Meanwhile, the S&P BSE Sensex was down 18.34 points or 0.09% at 20,551.94.

On BSE, 3,155 shares were traded in the counter as against average daily volume of 2,986 shares in the past one quarter.

The stock was volatile. The stock surged as much as 9.2% at the day's high of Rs 236 so far during the day. The stock rose 1.8% at the day's low of Rs 220 so far during the day. The stock had hit a 52-week high of Rs 236.50 on 11 December 2012. The stock had hit a 52-week low of Rs 177.35 on 18 February 2013.

The stock had underperformed the market over the past one month till 28 October 2013, gaining 0.82% compared with the Sensex's 4.27% rise. The scrip had also underperformed the market in past one quarter, advancing 2.9% as against Sensex's 4.16% 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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