The company announced the results during trading hours today, 31 July 2008.

Meanwhile, the BSE Sensex was down 100.78 points, or 0.71%, to 14,186.43.

On BSE, 7,495 shares were traded in the counter. The scrip had an average daily volume of 2,073 shares in the past one quarter.

The stock hit a high of Rs 263.55 and a low of Rs 201.05 so far during the day. The stock had a 52-week high of Rs 670 on 28 December 2007 and a 52-week low of Rs 193.10 on 2 July 2008.

From a recent low of Rs 208 on 28 July 2008, the stock rose 5.60% to Rs 219.65 on 30 July 2008. The stock surged 4.69% to Rs 219.65 on 30 July 2008 ahead of Q3 results.

The small-cap company had underperformed the market over the past one month till 30 July 2008, declining 0.41% compared to the Sensex’s return of 10.23%. It had also underperformed the market in the past one quarter, declining 37.05% compared to Sensex’s decline of 17.35%.

The company has an equity capital of Rs 15.11 crore. Face value per share is Rs 10.

The current price of Rs 263.55 discounts its Q2 March 2008 annualised EPS of Rs 38.09, by a PE multiple of 6.92.

Automotive Axles’ total income rose 54.86% to Rs 229.15 crore in Q3 June 2008 over Q3 June 2007.

The company manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It also manufactures automotive gears and air- and hydraulic-activated brake assemblies.