GEI Industrial Systems spurted 5.74% to Rs 70 at 15:09 IST on BSE after the company reported 77.1% surge in net profit to Rs 2.71 crore on a 32.5% rise in sales to Rs 36.62 crore in Q1 June 2008 over Q1 June 2007.
The stock hit a high of Rs 71.95 and a low of Rs 65.25 so far during the day. The stock had hit a 52-week high of Rs 152 on 3 January 2008 and a 52-week low of Rs 53 on 3 July 2008.
From a recent low of Rs 61.30 on 30 July 2008 the stock rose 7.99% to Rs 66.20 on 1 August 2008.
The company has an equity capital of Rs 14.27 crore. Face value per share is Rs 10.
The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions. The products include air cooled heat exchangers, air cooled steam condensers, plant thermal equipments, water cooling modules and air blast oil coolers, radiators for gas and diesel engines, inter and after coolers for compressors, modular oil coolers for large transformers, coolers for motors and generators and finned tubes.
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