Talbros Automotive advances after decent Q1 numbers

Capital Market 

Components gained 2.53% to Rs 190.25 at 10:47 on after consolidated net profit rose 10.5% to Rs 2.73 crore on 4% decrease in net sales to Rs 80.02 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 23 August 2017.

Meanwhile, the S&P Sensex was up 7.68 points, or 0.02% at 31,575.69. The S&P Small-Cap index was up 43.91 points, or 0.28% at 15,619.42.

On the BSE, 3,172 shares were traded on the counter so far as against the average daily volumes of 17,119 shares in the past one quarter. The stock had hit a high of Rs 194 and a low of Rs 187.55 so far during the day. The stock had hit a record high of Rs 226 on 14 July 2017 and a 52-week low of Rs 116.20 on 22 November 2016.

The stock had underperformed the market over the past one month till 23 August 2017, declining 10.47% compared with the Sensex's 1.44% fall. The scrip had also underperformed the market over the past one quarter gaining 2.12% as against the Sensex's 3.96% rise. The scrip had, however, outperformed the market over the past one year advancing 54.43% as against the Sensex's 12.78% rise.

The small-cap company has equity capital of Rs 12.35 crore. Face value per share is Rs 10.

Components is engaged in the manufacturing of gaskets and forgings.

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