Eimco Elecon (India) posted a rise of 63.56% in its net profit at Rs 5.79 crore for the fourth quarter ended March 31, 2012 as compared to Rs 3.54 crore for the same quarter in the previous year. Total income of the company has increased by 5.90% at Rs 58.73 crore for quarter under review as compared Rs 55.46 crore for the quarter ended March 31, 2011.
Eimco Elecon (India) is currently trading at Rs 166.10, up by 6.10 points or 3.81% from its previous closing of Rs. 160.00 on the BSE.
The scrip opened at Rs 167.00 and has touched a high and low of Rs 170.00 and Rs 165.10 respectively. So far 2280 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 245.00 on 13-Jun-2011 and a 52 week low of Rs 145.00 on 03-Jan-2012.
Last one week high and low of the scrip stood at Rs 171.90 and Rs 157.50 respectively. The current market cap of the company is Rs 97.43 crore.
The promoters holding in the company stood at 74.05% while Institutions and Non-Institutions held 4.80% and 21.15% respectively.
The company’s board of directors at its meeting held on May 08, 2012, have recommended a dividend of 40% i.e. Rs 4 per equity share for the year ended March 31, 2012.
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