Igarashi Motors India is currently trading at its upper circuit limit of Rs. 61.70, up by 10.25 points or 19.92% from its previous closing of Rs. 51.45 on the BSE.
The scrip opened at Rs. 55.50 and has touched a high and low of Rs. 61.70 and Rs. 54.50 respectively. So far 62638 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 62.50 on 27-Apr-2011 and a 52 week low of Rs. 31.00 on 20-Dec-2011.
Last one week high and low of the scrip stood at Rs. 61.70 and Rs. 47.30 respectively. The current market cap of the company is Rs. 125.83 crore.
The promoters holding in the company stood at 62.88% while Non-Institutions held 37.12% stake in the company.
Igarashi Motors India has reported results for fourth quarter ended March 31, 2012. The company has posted a rise of 469.82% in its net profit at Rs 6.61 crore for the quarter ended March 31, 2012 as compared to Rs 1.16 crore for the same quarter in the previous year. Total income has increased by 42.85% at Rs 74.38 crore for quarter under review as compared to Rs 52.07 crore for the quarter ended March 31, 2011.
The history of Igarashi Motors started in 1946 by Eiji Igarashi who established a private company in Kawasaki, for the production and sales of D.C. motors for toys and model ships. Since then, it has been developing and manufacturing small D.C. motors, for more than fifty years.
