Sundaram Brake Linings surged 8.71% to Rs 171 at 14:22 IST on BSE after the company reported net profit of Rs 1.89 crore in Q2 September 2013 as compared to net loss of Rs 1.89 crore in Q2 September 2012.
The Q2 result was announced during market hours today, 5 November 2013.
Meanwhile, the S&P BSE Sensex was down 205.02 points or 0.97% at 21,034.34
On BSE, 1,365 shares were traded in the counter as against average daily volume of 512 shares in the past one quarter.
The stock hit a 52-week high of Rs 177.40 in intraday trade today, 5 November 2013. The stock hit a low of Rs 159.55 so far during the day. The stock had hit a 52-week low of Rs 115.55 on 27 February 2013.
The stock underperformed the market over the past one month till 3 November 2013, rising 0.67% compared with the Sensex's 6.72% rise. The scrip, however, outperformed the market in past one quarter, advancing 12.44% as against Sensex's 10.83% rise.
The small-cap company has equity capital of Rs 3.93 crore. Face value per share is Rs 10.
Sundaram Brake Linings' total income from operations (net) rose 15.07% to Rs 61.45 crore in Q2 September 2013 over Q2 September 2012.
Sundaram Brake Linings manufactures automotive, non-automotive, railways and industrial friction materials.
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