VST Tillers jumps as Hosur tractor unit kicks off operations

VST Tillers Tractors jumped 3.91% to Rs 935 at 12:48 IST on BSE after the company said that commercial production and sales at its tractor plant in Hosur, Tamil Nadu will commence from today, 27 March 2014.

The company made the announcement during trading hours today, 27 March 2014.

Meanwhile, the BSE Sensex was up 114.94 points, or 0.52%, to 22,210.24.

On BSE, so far 1,871 shares were traded in the counter, compared with an average volume of 6,080 shares in the past one quarter.

The stock hit a high of Rs 938.20 and a low of Rs 906 so far during the day. The stock hit a record high of Rs 944 on 24 March 2014. The stock hit a 52-week low of Rs 332.25 on 2 May 2013.

The stock had outperformed the market over the past one month till 26 March 2014, rising 13.47% compared with the Sensex's 5.28% rise. The scrip had also outperformed the market in past one quarter, rising 39.25% as against Sensex's 4.84% rise.

The small-cap company has an equity capital of Rs 8.64 crore. Face value per share is Rs 10.

Net profit of VST Tillers Tractors rose 67.03% to Rs 21.58 crore on 30.60% rise in net sales to Rs 159.95 crore in Q3 December 2013 over Q3 December 2012.

VST Tillers Tractors manufactures power tillers, tractors, paddy transplanters and diesel engines.

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