Munjal Showa hits record high after strong Q2 earnings

Munjal Showa surged 3.03% to Rs 238 at 14:10 IST on BSE after net profit jumped 86.11% at Rs 17.83 crore on 14.22% growth in total income from operations to Rs 418.70 crore in Q2 September 2014 over Q2 September 2013.

The Q2 result was announced during market hours today, 5 November 2014.

Meanwhile, the S&P BSE Sensex was up 47.77 points or 0.17% at 27,908.15.

On BSE, so far 1.58 lakh shares were traded in the counter as against average daily volume of 38,474 shares in the past one quarter.

The stock was volatile. The stock surged as much as 9.09% at the day's high of Rs 252 so far during the day, which is a record high for the counter. The stock lost as much as 1.73% at the day's low of Rs 227 so far during the day. The stock had hit a 52-week low of Rs 62 on 5 November 2013.

The stock had outperformed the market over the past one month till 3 November 2014, advancing 16.76% compared with Sensex's 4.86% rise. The scrip had also outperformed the market in past one quarter, jumping 65.41% as against Sensex's 9.34% rise.

The small-cap company has equity capital of Rs 8 crore. Face value per share is Rs 2.

Munjal Showa is a pioneer in the manufacture of shock absorbers.

Powered by Capital Market - Live News