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Bharat Bijlee surges after stellar Q3 earnings

Capital Market 

Bijlee was locked at 20% upper circuit at Rs 811 at 14:44 on after the company reported net profit of Rs 8.89 crore in Q3 December 2015 as against net loss of Rs 4.09 crore in Q3 December 2014.

The result was announced after market hours yesterday, 18 January 2016.

Meanwhile, the S&P Sensex was up 260.06 points or 1.08% at 24,448.43.

On BSE, so far 81,000 shares were traded in the counter as against average daily volume of 8,313 shares in the past one quarter. The stock hit a low of Rs 718 so far during the day. The stock had hit a 52-week high of Rs 938 on 6 January 2016. The stock had hit a 52-week low of Rs 517.75 on 7 September 2015. The stock had underperformed the market over the past one month till 18 January 2016, sliding 15.16% compared with Sensex's 5.22% fall. The scrip had, however, outperformed the market in past one quarter, surging 11.6% as against Sensex's 11.12% fall.

The small-cap company has equity capital of Rs 5.65 crore. Face value per share is Rs 10.

Bijlee's net sales rose 21.3% to Rs 204.19 crore in Q3 December 2015 over Q3 December 2014.

Bijlee is one of the leading electrical engineering companies in India. The company's main business segments are transformers, projects, electric motors, elevator systems and drives & automation.

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First Published: Tue, January 19 2016. 14:43 IST