Swaraj Engines hits record high

Swaraj Engines rose 4.02% to Rs 1,165 at 10:44 IST on BSE after net profit rose 41.2% to Rs 11.65 crore on 9.4% growth in net sales to Rs 113.40 crore in Q4 March 2016 over Q4 March 2015.

The result was announced after market hours yesterday, 26 April 2016.

Meanwhile, the S&P BSE Sensex was up 2.70 points or 0.01% at 26,010.

On BSE, so far 6,389 shares were traded in the counter as against average daily volume of 1,405 shares in the past one quarter. The stock hit a high of Rs 1,175 so far during the day, which is a record high for the counter. The stock hit a low of Rs 1,146 so far during the day. The stock had hit a 52-week low of Rs 745 on 28 April 2015. The stock had outperformed the market over the past one month till 26 April 2016, gaining 29.86% compared with Sensex's 2.64% rise. The scrip had also outperformed the market in past one quarter, advancing 25.77% as against Sensex's 6.21% rise.

The small-cap company has equity capital of Rs 12.42 crore. Face value per share is Rs 10.

Swaraj Engines is in the business of supplying engines to the Swaraj division of Mahindra & Mahindra. The company also manufactures hi-tech engine components for SML Isuzu.

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