Suprajit Engg advances on fund buying

Suprajit Engineering was up 1.32% to Rs 300.15 at 10:09 IST on BSE after Smallcapworld Fund Inc bought 11.22 lakh shares of the company at Rs 297 per share in a bulk deal on the NSE on Friday, 16 June 2017.

Meanwhile, the S&P BSE Sensex was up 129.48 points or 0.42% at 31,185.88. The S&P BSE Small-Cap index advanced 12.80 points or 0.08% at 15,680.04.

On the BSE, 2,446 shares were traded on the counter so far as against the average daily volumes of 32,021 shares in the past one quarter. The stock had hit a high of Rs 303.80 so far during the day, which is a record high. The stock hit a low of Rs 299 so far during the day. The stock had hit a 52-week low of Rs 170 on 24 June 2016.

The stock had outperformed the market over the past one month till 16 June 2017, advancing 17.98% compared with the Sensex's 1.55% rise. The stock had also outperformed the market over the past one quarter, gaining 35.46% as against the Sensex's 4.97% rise. The scrip had also outperformed the market over the past one year, advancing 61.44% as against the Sensex's 17.08% rise.

The small-cap company has equity capital of Rs 13.13 crore. Face value per share is Rs 1.

On consolidated basis, Suprajit Engineering's net profit rose 134.7% to Rs 40.41 crore on 32% growth in net sales to Rs 361.50 crore in Q4 March 2017 over Q4 March 2016.

Suprajit Engineering is one of the leading manufacturers of automotive cables in India.

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