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Roto Pumps gathers pace after launching product

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gained 2.06% to Rs 114 at 9:25 on after the company said that in order to enhance the product basket and to exploit the robust marketing infrastructure, it has launched a range of external gear pumps.

The announcement was made after market hours yesterday, 10 October 2017.

Meanwhile, the S&P Sensex was up 121.72 points or 0.38% at 32,046.13. The S&P Small-Cap index advanced 110.59 points or 0.65% at 17,003.09, outperforming the Sensex's gains.

On the BSE, 1,751 shares were traded on the counter so far as against the average daily volumes of 34,185 shares in the past one quarter. The stock had hit a high of Rs 115 and a low of Rs 110.40 so far during the day. The stock had hit a 52-week high of Rs 156.70 on 29 June 2017 and a 52-week low of Rs 50 on 21 November 2016.

The stock had outperformed the market over the past one month till 10 October 2017, gaining 1.92% compared with the Sensex's 0.75% rise. The stock had, however, underperformed the market over the past one quarter, falling 21% as against the Sensex's 0.66% rise. The scrip had, however, outperformed the market over the past one year, gaining 78.43% as against the Sensex's 13.68% rise.

The small-cap company has equity capital of Rs 3.09 crore. Face value per share is Rs 2.

said that the product will be marketed globally.

Roto Pump's net profit fell 58.4% to Rs 0.37 crore on 7.9% decline in net sales to Rs 18.89 crore in Q1 June 2017 over Q1 June 2016.

manufactures rotary pumps.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 11 2017. 09:28 IST