Hot Pursuit     16-Oct-17
GNA Axles drops on profit booking
GNA Axles lost 3.92% to Rs 373 at 11:13 IST on BSE on profit booking after seeing pre-result upmove.

Meanwhile, the S&P BSE Sensex was up 50.33 points, or 0.16% at 32,483.02. The S&P Small-Cap index was up 19.61 points or 0.12% at 16,945.27.

On the BSE, 42,000 shares were traded in the counter so far, compared with average daily volumes of 42,965 shares in the past one quarter. The stock had hit a high of Rs 388 and a low of Rs 369.25 so far during the day. The stock had hit a record high of Rs 395.40 on 9 October 2017. The stock had hit a record low of Rs 171.10 on 22 November 2016.

The stock had outperformed the market over the past one month till 13 October 2017, rising 34.3% compared with the Sensex's 0.77% gains. The stock had also outperformed the market over the past one quarter, advancing 47.91% as against the Sensex's 1.23% rise. The scrip had also outperformed the market over the past one year, surging 55.22% as against the Sensex's 17.33% rise.

The small-cap company has equity capital of Rs 21.47 crore. Face value per share is Rs 10.

Shares of GNA Axles saw pre-result upmove, gaining 5.84% in two trading sessions to settle at Rs 388.20 on 13 October 2017 from its close of Rs 366.75 on 11 October 2017.

GNA Axles' net profit rose 41.38% to Rs 10.66 crore on 18.09% rise in net sales to Rs 153.54 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours on Friday, 13 October 2017.

GNA Axles is into manufacturing of rear axle shafts used in on-highway and off-highway vehicular segments in India.

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  GNA Axles
 ( Results - Analysis 30-May-18   08:59 )
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 ( Results - Announcements 12-Jul-19   16:02 )
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 ( Results - Announcements 11-May-19   16:38 )
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