Technocraft Industries hits record high after strong Q4 results

Technocraft Industries (India) surged 9.08% to Rs 134.50 at 11:59 IST on BSE after net profit jumped 67.66% to Rs 16.75 crore on 92.26% growth in total income to Rs 321.74 crore in Q4 March 2014 over Q4 March 2013.

The Q4 result was announced during market hours today, 22 May 2014.

Meanwhile, the S&P BSE Sensex was up 191.51 points or 0.79% at 24,489.53.

On BSE, so far 64,000 shares were traded in the counter as against average daily volume of 10,081 shares in the past one quarter.

The stock hit a high of Rs 139 so far during the day, which is a record high of Rs so far during the day. The stock hit a low of Rs 127.60 so far during the day. The stock had hit a 52-week low of Rs 61.80 on 3 July 2013.

The stock had outperformed the market over the past one month till 21 May 2014, surging 33.3% compared with the Sensex's 6.73% rise. The scrip had also outperformed the market in the past one quarter, jumping 40.91% as against the Sensex's 17.38% rise.

The small-cap company has equity capital of Rs 31.53 crore. Face value per share is Rs 10.

Technocraft Industries (India)'s net profit rose 26.93% to Rs 82.15 crore on 29.38% growth in total income to Rs 838.38 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).

On consolidated basis, Technocraft Industries (India)'s net profit rose 20.23% to Rs 89.06 crore on 29.19% growth in total income to Rs 1044.88 crore in FY 2014 over FY 2013.

Technocraft Industries (India) is one of the leading manufacturers of drum closure including tite seal flanges and plugs, tite seal gaskets, tite seal leak locks plugs, octagon base drum flanges & auto closure systems.

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