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Maharashtra Scooters advances on registering 23% growth in Q2 net profit

18 Oct 2012 Evaluate

Maharashtra Scooters is currently trading at Rs 372.00, up by 3.05 points or 0.83% from its previous closing of Rs 368.95 on the BSE.

The scrip opened at Rs 368.05 and has touched a high and low of Rs 375.00 and Rs 367.00 respectively. So far 675 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 388.80 on 04-Oct-2012 and a 52 week low of Rs 275.10 on 25-Jan-2012.

Last one week high and low of the scrip stood at Rs 380.00 and Rs 350.60 respectively. The current market cap of the company is Rs 422.23 crore.

The promoters holding in the company stood at 51.00% while Institutions and Non-Institutions held 6.71% and 42.29% respectively.

Maharashtra Scooters has posted a rise of 23.04% in its net profit at Rs 42.99 crore for the quarter ended September 30, 2012 as compared to Rs 34.94 crore for the same quarter in the previous year. Company’s total income from operation has increased by 2.84% at Rs 46.35 crore for quarter under review as compared to Rs 45.07 crore for the quarter ended September 30, 2011.

Maharashtra Scooters is a joint sector Public Limited Company, jointly promoted by Western Maharashtra Development Corporation, a wholly-owned Govt. of Maharashtra Undertaking and Bajaj Holdings & Investment (BHIL) (erstwhile Bajaj Auto).

Maharashtra Scooters Share Price

13099.70 140.40 (1.08%)
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