Rico Auto jumps after stellar Q1 outcome

Rico Auto Industries surged 12.18% to Rs 51.10 at 13:02 IST on BSE after consolidated net profit jumped 264% to Rs 15.58 crore on 8.4% growth in total income to Rs 275.96 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours on Friday, 29 July 2016.

Meanwhile, the S&P BSE Sensex was down 35.17 points or 0.13% at 28,016.69

On BSE, so far 13.16 lakh shares were traded in the counter as against average daily volume of 1.58 lakh shares in the past one quarter. The stock hit a high of Rs 52.75 and a low of Rs 50.20 so far during the day. The stock had hit a 52-week high of Rs 63.90 on 10 August 2015. The stock had hit a 52-week low of Rs 27.70 on 29 February 2016. The stock had outperformed the market over the past one month till 29 July 2016, rising 10.42% compared with 4.9% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 16.5% as against Sensex's 9.55% rise.

The small-cap company has equity capital of Rs 13.53 crore. Face value per share is Rs 1.

Rico Auto Industries is an engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive Original Equipment Manufacturer (OEMs) across the globe.

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