Timken India advanced 11.76% to Rs 86 at 12:34 IST on BSE after posting 44.2% surge in net profit to Rs 16.42 crore on 28% increase in net sales to Rs 104.05 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results after trading hours yesterday, 16 July 2008.
The stock hit a high of Rs 88 and a low of Rs 78.80 so far during the day. The stock had a 52-week high of Rs 173.85 on 3 January 2008 and a 52-week low of Rs 70.10 on 2 July 2008.
The company has an equity capital of Rs 63.73 crore. Face value per share is Rs 10.
The current price of Rs 86 discounts its Q2 June 2008 annualised EPS of Rs 10.31, by a PE multiple of 24.63.
Timken came out with impressive numbers in Q2 June 2008 despite commercial vehicles industry, one of the key user industries for tapered roller bearings, witnessing tough times.
The company is engaged in manufacturing tapered roller bearings at Jamshedpur plant. The company markets its products in India, the United States of America, Europe and Brazil.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment