Bharat Bijlee spurted 9.62% to Rs 1,514.70 at 10:47 IST on BSE after net profit galloped 190.7% to Rs 9.65 crore on 34.3% growth in net sales to Rs 227.71 crore in Q3 December 2017 over Q3 December 2016.
The result was announced after market hours yesterday, 24 January 2018.Meanwhile, the S&P BSE Sensex was down 61.25 points or 0.17% at 36,100.39. The S&P BSE Small-Cap index rose 0.23%, outperforming the Sensex.
On the BSE, 47,000 shares were traded on the counter so far as against average daily volumes of 7,495 shares in the past one quarter. The stock had hit a high of Rs 1,550 so far during the day, which is a 52-week high.
The stock hit a low of Rs 1,467.10 so far during the day. The stock had hit a 52-week low of Rs 805 on 9 March 2017.
The small-cap company has equity capital of Rs 5.65 crore. Face value per share is Rs 10.
Bharat Bijlee is one of the leading electrical engineering companies in India. The company's main business segments are transformers, projects, electric motors, elevator systems and drives & automation.
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