Strong Q2 earnings boost Munjal Auto

Munjal Auto Industries rose 3.61% to Rs 109.20 at 14:01 IST on BSE after net profit jumped 113.6% to Rs 8.33 crore on 8.3% growth in net sales to Rs 219.55 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours on Friday, 4 November 2016.

Meanwhile, the S&P BSE Sensex was up 254.54 points or 0.93% at 27,528.69.

On BSE, so far 67,000 shares were traded in the counter as against average daily volume of 41,024 shares in the past one quarter. The stock hit a high of Rs 114.50 and a low of Rs 108.55 so far during the day. The stock had hit a 52-week high of Rs 117.80 on 27 October 2016. The stock had hit a 52-week low of Rs 62.20 on 12 February 2016. The stock had outperformed the market over the past one month till 4 November 2016, advancing 4.05% compared with 3.74% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 23.13% as against Sensex's 1.59% fall.

 

The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.

Munjal Auto Industries is a leading auto component manufacturing company in India.

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