SNL Bearings Q1 net profit jumps 8.3% at Rs.1.3 cr
The company recorded a rise of 8.3% in its net profit at Rs.1.3 crore for the quarter ended June 30, 2016 as compared to Rs.1.2 crore for the quarter ended June 30, 2015.
Dalal Street SNL Bearings Ltd has reported results for the quarter ended June 30, 2016:
The company recorded a rise of 8.3% in its net profit at Rs.1.3 crore for the quarter ended June 30, 2016 as compared to Rs.1.2 crore for the quarter ended June 30, 2015. The company's total income has increased by 13.6% at Rs.7.5 crore for the quarter against Rs.6.6 crore in the corresponding quarter of the previous year.
SNL Bearings Ltd is currently trading at Rs. 189, up by Rs. 0.95 or 0.51% from its previous closing of Rs. 188.05 on the BSE.
The scrip opened at Rs. 186 and has touched a high and low of Rs. 196.8 and Rs. 186 respectively. So far 4890(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 67.89 crore.
The BSE group 'XD' stock of face value Rs. 10 has touched a 52 week high of Rs. 208.9 on 20-May-2016 and a 52 week low of Rs. 100 on 07-Sep-2015. Last one week high and low of the scrip stood at Rs. 197.9 and Rs. 182.35 respectively.
The promoters holding in the company stood at 74.39 % while Institutions and Non-Institutions held 0 % and 25.61 % respectively.
The stock is currently trading below its 50 DMA.
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