Sanghvi Movers hits record high after turnaround in Q4

Sanghvi Movers rose 4.31% to Rs 319.50 at 15:22 IST on BSE after the company reported net profit of Rs 15.55 crore in Q4 March 2015 as against net loss of Rs 1.42 crore in Q4 March 2014.

The Q4 result was announced during market hours today, 22 May 2015.

Meanwhile, the S&P BSE Sensex was up 122.37 points or 0.44% at 27,931.72.

On BSE, so far 2.22 lakh shares were traded in the counter as against average daily volume of 1.04 lakh shares in the past one quarter.

The stock hit a high of Rs 342.90 so far during the day, which is a record high for the counter. The stock hit a low of Rs 305.40 so far during the day. The stock had hit a 52-week low of Rs 103 on 21 May 2014.

The small-cap company has equity capital of Rs 8.66 crore. Face value per share is Rs 2.

Sanghvi Movers' total income from operations (net) rose 58.02% to Rs 108.31 crore in Q4 March 2015 over Q4 March 2014.

Sanghvi Movers is the largest crane rental company in India. The company's scope of work includes implementation of turnkey projects, providing of well-maintained equipment, expert technical services and skilled manpower.

Powered by Capital Market - Live News