India Nippon Electricals is currently trading at Rs. 168.45, up by 1.65 points or 0.99% from its previous closing of Rs. 166.80 on the BSE.
The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 170.00 and Rs. 165.50 respectively.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 196.39 on 08-Aug-2011 and a 52 week low of Rs. 145.00 on 04-Jan-2012.
Last one week high and low of the scrip stood at Rs. 171.80 and Rs. 161.10 respectively. The current market cap of the company is Rs. 190 crore.
The promoters holding in the company stood at 66.39% while Institutions and Non-Institutions held 2.05% and 31.56% respectively.
On standalone basis, the company has reported a rise of 12.48% in its net profit at Rs 6.22 crore for the quarter, as compared to Rs 5.53 crore for the same quarter in the previous year. Total income of the company has increased by 10.93% to Rs 65.38 crore for the quarter under review as compared to Rs 58.94 crore for the quarter ended June 30, 2011.
India Nippon Electricals (INEL) was incorporated in 1984 and converted into a joint venture in 1986 between Lucas Indian Service, a wholly-owned subsidiary of Lucas-TVS and Kokusan Denki Co, Japan - a group company of Hitachi Japan, to manufacture Electronic Ignition Systems for two-wheelers, three wheelers and portable engines.
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