ABC Bearings North Bound on Reporting 13.14% Rise in Net Sales

Resource from: ABC Bearings Likes:3090

Jan 19,2011

(January19, 2011) ABC Bearings is currently trading at Rs. 129.35, up by 6.75 points or 5.51% from its previous closing of Rs. 122.60 on the BSE. The scrip opened at Rs. 127.95 and has touched a high and low of Rs. 131.00 and Rs. 125.00 respectively. So far 7,537 shares were traded on the counter. The BSE group 'S' stock of face value Rs. 10 has touched a 52 week high of Rs. 180.70 on 06-Aug-2010 and a 52 week low of Rs. 73.05 on 22-Jan-2010. Last one week high and low of the scrip stood at Rs. 134.80 and Rs. 121.10 respectively. The current market cap of the company is Rs. 144.38 crore. The promoters holding in the company stood at 32.08% while Institutions and Non-Institutions held 3.58% and 64.33% respectively. ABC Bearings'net sales / income from operations stood at Rs 46.01 crore for quarter ended December 31, 2010 against Rs 40.01 crore for the quarter ended on December 31, 2009. The company's net profit for the quarter ended December 31, 2010 has slipped 17.32% and stood at Rs 6.44 crore against Rs 7.79 crore for the quarter ended on December 31, 2009. The company has reported an EPS of Rs 5.58 for the quarter ended December 31, 2010 against Rs 6.75 for the quarter ended December 31, 2009. ABC Bearings is engaged in business of tapered roller bearings and cylindrical roller bearings.

(ABC Bearings)

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