Shivam Autotech rose 1.39% to Rs 80.20 at 14:58 IST on BSE after the company announced that it has achieved around 22% increase in sales in February 2018 over February 2017.
The announcement was made during market hours today, 5 February 2018.Meanwhile, the BSE Sensex was down 274.29 points, or 0.81%, to 33,772.65. The BSE Small-Cap index was down 185.17 points, or 1.02%, to 17,899.77.
On the BSE, 29,000 shares were traded in the counter so far, compared with an average volume of 15,000 lakh shares in the past two weeks. The stock had hit a high of Rs 81.15 and low of Rs 77.90 so far during the day. The stock had hit a record high of Rs 108.15 on 23 October 2017. The stock had hit a 52-week low of Rs 42 on 9 March 2017.
The small-cap company has an equity capital of Rs 20 crore. Face value per share is Rs 2.
Shivam Autotech reported net profit of Rs 2.32 crore in Q3 December 2017, compared with net loss of Rs 7.60 crore in Q3 December 2016. Net sales rose 19.27% to Rs 127.71 crore in Q3 December 2017 over Q3 December 2016.
Shivam Autotech is one of the largest manufacturers of transmission gears and shafts in India.
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