Munjal Auto spurts after strong Q3 earnings

Munjal Auto Industries spurted 12.72% to Rs 42.55 at 9:52 IST on BSE after net profit jumped 49.6% to Rs 13.49 crore on 24.5% growth in net sales to Rs 216.13 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced after market hours on Monday, 27 January 2014.

Meanwhile, the S&P BSE Sensex was up 39.68 points or 0.19% at 20,747.13.

On BSE, so far 10,000 shares were traded in the counter as against average daily volume of 21,149 shares in the past one quarter.

The stock hit a high of Rs 42.90 and a low of Rs 41.20 so far during the day. The stock had hit a 52-week high of Rs 46.45 on 4 December 2013. The stock had hit a 52-week low of Rs 24.30 on 5 April 2013.

The stock had underperformed the market over the past one month till 27 January 2014, sliding 12.72% compared with the Sensex's 2.29% fall. The scrip had, however, outperformed the market in past one quarter, jumping 15.8% as against Sensex's 0.12% rise.

The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.

Munjal Auto Industries is a leading auto component manufacturing company in India.

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