Hot Pursuit     22-Nov-17
Rane (Madras) spurts after good Q2 results
Rane (Madras) rose 10.11% to Rs 625.80 at 14:13 IST on BSE after net profit rose 21.07% to Rs 8.39 crore on 10.54% increase in revenue from operations to Rs 289.72 crore in Q2 September 2017 over Q2 September 2016.
The result was announced during trading hours today, 22 November 2017.

Meanwhile, the S&P BSE Sensex was up 117.37 points, or 0.35% to 33,595.72.

On the BSE, 22,000 shares were traded in the counter so far, compared with average daily volumes of 3,807 shares in the past one quarter. The stock had hit a high of Rs 637.20 and a low of Rs 573.45 so far during the day.

The stock had outperformed the market over the past 30 days till 21 November 2017, rising 8.11% compared with 2.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 18.09% as against Sensex's 6.05% rise. The scrip had also outperformed the market in past one year, rising 47.66% as against Sensex's 28.96% rise.

The small-cap company has equity capital of Rs 11.61 crore. Face value per share is Rs 10.

Rane (Madras) (RML) is engaged in the manufacture of components for transportation industry.

Previous News
  Rane (Madras) reports consolidated net loss of Rs 9.37 crore in the March 2024 quarter
 ( Results - Announcements 09-May-24   13:42 )
  Rane (Madras) announces board meeting date
 ( Corporate News - 10-Jul-19   10:26 )
  Rane (Madras) to conduct board meeting
 ( Corporate News - 06-Jul-18   11:08 )
  Rane (Madras) to pay dividend
 ( Market Beat - Reports 21-May-15   18:56 )
  Rane (Madras) standalone net profit rises 70.71% in the March 2016 quarter
 ( Results - Announcements 20-May-16   17:16 )
  Rane (Madras) to consider preferential issue
 ( Corporate News - 06-Nov-19   17:27 )
  Outcome of board meeting of Rane (Madras)
 ( Corporate News - 05-Aug-17   13:57 )
  Rane Group
 ( Analyst Meet / AGM - Analyst Meet 10-Jun-16   12:18 )
  Rane (Madras) divests its entire stake held in step-down subsidiary
 ( Corporate News - 15-Sep-23   13:57 )
  Rane (Madras) announces cessation of director
 ( Corporate News - 28-May-21   13:13 )
  Outcome of board meeting of Rane (Madras)
 ( Corporate News - 21-May-15   18:42 )
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