Hot Pursuit     28-Apr-11
Robust FY 2011 earnings boost Sona Koyo Steering
Sona Koyo Steering Systems gained 2.56% to Rs 18.05 at 15:16 IST on BSE, after consolidated net profit jumped 163.3% to Rs 44.63 crore on 41.11% surge in net sales to Rs 1203.37 crore in the year ended March 2011 over the year ended March 2010.

The company announced the results during trading hours today, 28 April 2011.

Meanwhile, the BSE Sensex was down 175.72 points, or 0.90%, to 19,272.97.

On BSE, 2.48 lakh shares were traded in the counter as against average daily volume of 1.23 lakh shares over the past one quarter.

The stock hit a high of Rs 18.50 and a low of Rs 17.55 so far during the day. The stock had hit a 52-week high of Rs 24.35 on 20 July 2010 and a 52-week low of Rs 14.20 on 10 February 2011.

The small-cap stock had outperformed the market over the past one month till 27 April 2011, gaining 16.94% compared with the Sensex's return of 3.36%. The stock had underperformed the market in past one quarter, gaining 3.53% as against Sensex's return of 4.09%.

The company has an equity capital of Rs 19.87 crore. Face value per share is Rs 1.

Sona Koyo Steering Systems' board recommended a final dividend of 65 paise per share for the year ended March 2011.

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