Talbros Engineering rose 4.38% to Rs 555 at 9:22 IST on BSE after the company said that its board recommended the issuance of bonus shares in the ratio of 1:1.
The announcement was made after market hours yesterday, 17 August 2017.Meanwhile, the S&P BSE Sensex was down 180.24 points or 0.57% at 31,615.22. The S&P BSE Small-Cap index was down 93.80 points or 0.6% at 15,600.73.
More than usual volumes were witnessed on the counter. On the BSE, 5,171 shares were traded on the counter so far as against the average daily volumes of 3,096 shares in the past one quarter. The stock had hit a high of Rs 570.05 in intraday trade, which is also a record high for the stock. The stock had hit a low of Rs 551 so far during the day. The stock had hit a 52-week low of Rs 192.20 on 16 August 2016.
The stock had outperformed the market over the past one month till 17 August 2017, gaining 14.99% compared with the Sensex's 0.87% decline. The stock had also outperformed the market over the past one quarter, gaining 74.39% as against the Sensex's 3.71% rise. The scrip had also outperformed the market over the past one year, jumping 159.37% as against the Sensex's 13.53% rise.
The small-cap company has equity capital of Rs 2.54 crore. Face value per share is Rs 10.
Talbros Engineering's net profit rose 58.04% to Rs 2.42 crore on 20.5% rise in total income to Rs 50.33 crore in Q1 June 2017 over Q1 June 2016. The result was announced after market hours yesterday, 17 August 2017.
Talbros Engineering started making axle shafts in 1980. From humble beginnings the scale has moved to 5,000 axle shafts per day. The company makes only axle shafts.
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