Samkrg Pistons & Rings jumps after reporting strong Q1 results

Samkrg Pistons & Rings jumped 6.96% to Rs 164.50 at 13:30 IST on BSE after net profit rose 30.67% to Rs 4.45 crore on 4.6% decline in net total income from operations to Rs 58.09 crore in Q1 June 2015 over Q1 June 2014.

The result was announced during market hours today, 5 August 2015.

Meanwhile, the S&P BSE Sensex was up 211.11 points or 0.75% at 28,283.04.

On BSE, so far 71,491 shares were traded in the counter as against average daily volume of 6,572 shares in the past one quarter.

The stock hit a high of Rs 172 and a low of Rs 149 so far during the day. The stock had hit a record high of Rs 229.80 on 20 January 2015. The stock had hit a 52-week low of Rs 92.45 on 6 August 2014.

The stock had outperformed the market over the past one month till 4 August 2015, gaining 6.51% compared with Sensex's 0.07% decline. The scrip had however underperformed the market in past one quarter, declining 3.09% as against Sensex's 2.11% gain.

The small-cap company has equity capital of Rs 9.82 crore. Face value per share is Rs 10.

Samkrg manufactures and markets a wide array of engineered pistons, piston pins, piston rings & circlips for the automotive markets.

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