Precision Wires India electrifies after good Q4 result

Precision Wires India gained 3.48% to Rs 144.25 at 09:48 IST on BSE after net profit rose 39.72% to Rs 6.93 crore on 18.3% rise in net sales to Rs 247.94 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 8 May 2017.

Meanwhile, the BSE Sensex was up 37.36 points, or 0.12% to 29,963.51. The BSE Small-Cap index was up 71.80 points, or 0.46% to 15,534.38.

On BSE, so far 14,000 shares were traded in the counter as against average daily volume of 6,741 shares in the past one quarter. The stock hit a high of Rs 148 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 144 so far during the day. The stock had hit a 52-week low of Rs 72.60 on 6 May 2016.

The small-cap company has an equity capital of Rs 11.56 crore. Face value per share is Rs 5.

Precision Wires India is the largest manufacturer of copper winding wires in the country.

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