Suprajit Engineering advances 10% post September quarter business update

The company said the group sales of over Rs 450 crore during the September quarter was the highest ever recorded in the history of the company.

Shares of Suprajit Engineering moved higher by 10 per cent to Rs 206.85 on the BSE in the intra-day trade on Monday after the company said its operational financial performance for the July-September quarter (Q2FY21) is expected to be normal despite Covid‐19 challenges. The stock of the auto parts and equipment company was trading close to its 52-week high level of Rs 220, touched on February 1, 2020.

“The company’s Q2 group sales were over Rs 450 crore, higher by about 15 per cent compared to Q2 of last year. The group sales during the reported quarter were the highest ever