TRF spurts after turnaround in Q2

TRF was locked at 20% upper circuit at Rs 328.60 at 13:13 IST on BSE after the company reported consolidated net profit of Rs 4.14 crore in Q2 September 2015 compared with net loss of Rs 9.28 crore in Q2 September 2014.

The result was announced after market hours yesterday, 28 October 2015.

Meanwhile, the S&P BSE Sensex was down 169.09 points or 0.63% at 26,870.67.

On BSE, so far 1.28 lakh shares were traded in the counter as against average daily volume of 38,603 shares in the past one quarter.

The stock hit a low of Rs 300 so far during the day. The stock had hit a 52-week high of Rs 491 on 16 July 2015. The stock had hit a 52-week low of Rs 183.30 on 4 September 2015.

The stock had outperformed the market over the past one month till 28 October 2015, surging 33.54% compared with Sensex's 5.55% rise. The scrip, had, however, underperformed the market in past one quarter, sliding 35.23% as against Sensex's 1.53% fall.

The small-cap company has equity capital of Rs 11 crore. Face value per share is Rs 10.

TRF's net sales rose 8% to Rs 266.28 crore in Q2 September 2015 over Q2 September 2014.

TRF is a pioneer in solutions for material handling equipment and processing systems required in the infrastructure development. TRF has also diversified into automotive applications business.

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