Bharat Seats rises 15% after strong Q2 results

India Infoline News Service | Mumbai | October 17, 2016 15:15 IST

The company reported a net profit of Rs 3.52 crore for quarter-ended September, compared to Rs 2.17 crore same period last year.

Businessman showing growing charts
Bharat Seats Ltd is currently trading at Rs 57.1, up by Rs 7.3 or 14.66% from its previous closing of Rs 49.8 on the BSE. The company reported a net profit of Rs 3.52 crore for quarter-ended September, compared to Rs 2.17 crore same period last year.

It clocked sale of Rs 246.67 compared to Rs 209.19 crore from a year earlier.

The scrip opened at Rs 51.85 and has touched a high and low of Rs 59.25 and Rs 50.6 respectively. So far 494495 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 156.37 crore.

The BSE group 'XC' stock of face value Rs 2 has touched a 52 week high of Rs 58.4 on 06-Jan-2016 and a 52 week low of Rs 31.55 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 50.95 and Rs 48.5 respectively.

The promoters holding in the company stood at 74.44 % while Institutions and Non-Institutions held 0.11 % and 25.45 % respectively.

The stock is currently trading above its 50 DMA.
 

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