Premier skyrockets on reporting two-fold rise in Q4 net profit

25 Apr 2012

Premier is currently trading at Rs. 69.50, up by 3.05 points or 4.59% from its previous closing of Rs. 66.45 on the BSE.

The scrip opened at Rs. 68.90 and has touched a high and low of Rs. 72.00 and Rs. 68.90 respectively. So far 21030 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.00 on 08-Jun-2011 and a 52 week low of Rs. 59.05 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs. 72.90 and Rs. 65.65 respectively. The current market cap of the company is Rs. 212.30 crore.

The promoters holding in the company stood at 43.73% while Institutions and Non-Institutions held 7.12% and 49.15% respectively.

Premier has reported results for fourth quarter ended March 31, 2012

The company has posted a rise of 175.60% in its net profit at Rs 12.54 crore for the quarter ended March 31, 2012 as compared to Rs 4.55 crore for the same quarter in the previous year. Total income has increased by 14.69% at Rs 79.49 crore for quarter under review as compared to Rs 69.31 crore for the quarter ended March 31, 2011.

Premier is engaged in the manufacture of automobiles and machine tools. Incorporated in 1944, Premier was first Indian company to start making automobiles.

Related Premier Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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