Sharda Motor spurts after strong Q2 result

Sharda Motor Industries jumped 7.36% to Rs 2,610 at 09:31 IST on BSE after net profit surged 62.73% to Rs 20.26 crore on 17.14% growth in net sales to Rs 304.74 crore in Q2 September 2017 over Q2 September 2016.

The result was announced on Saturday, 9 December 2017.

Meanwhile, the S&P BSE Sensex was up 154.46 points or 0.46% at 33,404.76. The S&P BSE Small-Cap index was up 123.10 points or 0.68% at 18,334.98.

On the BSE, 2,501 shares were traded on the counter so far as against the average daily volumes of 1,025 shares in the past one quarter. The stock had hit a high of Rs 2,655.80 and a low of Rs 2,540 so far during the day. The stock had hit a record high of Rs 3,099.65 on 5 September 2017 and a 52-week low of Rs 950.10 on 27 December 2016.

The small-cap company has equity capital of Rs 5.95 crore. Face value per share is Rs 10.

Sharda Motor Industries operates in the automotive industry. The company is one of the leading manufacturers of exhaust systems, suspension systems, seat trim and seat frames.

Powered by Capital Market - Live News