Ucal Fuel Systems vaults after robust Q2 results

Ucal Fuel Systems hit 20% upper circuit at Rs 235.20 at 10:00 IST on BSE after net profit surged 99% to Rs 15.98 crore on 4.8% rise in net sales to Rs 158.50 crore in Q2 September 2017 over Q2 September 2016.

The result was announced on Saturday, 9 December 2017.

Meanwhile, the S&P BSE Sensex was up 181.90 points or 0.55% at 33,432.20. The S&P BSE Small-Cap index rose 152.87 points or 0.84% at 18,364.75, outperforming the Sensex.

High volumes were witnessed on the counter. On the BSE, 3.41 lakh shares were traded on the counter so far as against the average daily volumes of 15,496 shares in the past one quarter. The stock was locked at a high of Rs 235.20 in intraday trade. The stock had hit a low of Rs 225 so far during the day. The stock had hit a 52-week high of Rs 242.45 on 30 March 2017 and a 52-week low of Rs 154.40 on 26 December 2016.

The stock had outperformed the market over the past one month till 8 December 2017, advancing 3.68% compared with the Sensex's 0.09% rise. The stock had, however, underperformed the market over the past one quarter, sliding 9.53% as against the Sensex's 4.93% rise. The scrip had also underperformed the market over the past one year, rising 11.81% as against the Sensex's 24.56% rise.

The small-cap company has equity capital of Rs 22.11 crore. Face value per share is Rs 10.

Ucal Fuel Systems offers comprehensive fuel management systems for automotive sector.

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