Rico Auto Industries spurts after strong Q2 result

Rico Auto Industries surged 6.63% to Rs 45.05 at 15:08 IST on BSE after consolidated net profit jumped 457.4% to Rs 9.42 crore on 37.1% fall in total income to Rs 249.05 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours on Friday, 6 November 2015.

Meanwhile, the BSE Sensex was down 88.48 points, or 0.34% to 26,156.99

On BSE, so far 8.10 lakh shares were traded in the counter as against average daily volume of 2.37 lakh shares in the past one quarter.

The stock hit a high of Rs 45.75 and a low of Rs 42.40 so far during the day. The stock had hit a 52-week low of Rs 35.80 on 5 March 2015. The stock had hit a 52-week high of Rs 63.90 on 10 August 2015.

The small-cap stock had underperformed the market over the past one month till 6 November 2015, falling 10.2% compared with 2.48% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 22.62% as against Sensex's 7.18% decline.

The company has an equity capital of Rs 13.53 crore. Face value per share is Re 1.

Rico Auto Industries supplies a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers (OEMs) across the globe.

Powered by Capital Market - Live News