ABC Bearings Builds on Strong Q4 Numbers

Resource from: ABC Bearings Likes:3049

May 04,2011

(May 3, 2011) ABC Bearings jumped 7.43% to Rs. 154 at 10:30 IST on BSE, after net profit soared 66.3% to Rs. 10.89 crore on 28.1% rise in net sales to Rs. 66.19 crore in Q4 March 2011 over Q4 March 2010. The company announced the results after market hours on Monday, 2 May 2011. Meanwhile, the BSE Sensex was down 8.26 points, or 0.04%, to 18,989.76. On BSE, 77,082 shares were traded in the counter as against average daily volume of 10,765 shares over the past one quarter. The stock hit a high of Rs. 161 and a low of Rs. 148.90 so far during the day. The stock had hit a 52-week high of Rs. 180.70 on 6 August 2010 and a 52-week low of Rs. 101 on 25 May 2010. The small-cap stock had outperformed the market over the past one month till 2 May 2011, rising 27.42% compared with the Sensex's of 2.17% fall. The stock had also outperformed the market in past one quarter, gaining 14.09% as against Sensex's return of 5.02%. The company has an equity capital of Rs. 11.55 crore. Face value per share is Rs. 10. ABC Bearings' board recommended a dividend of Rs. 6 per share (60%) for the year ended March 2011.

(ABC Bearings)

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