Hot Pursuit     13-Jul-11
Ingersoll-Rand moves north
Ingersoll-Rand (India) surged 4.07% to Rs 512.50 at 14:22 IST on BSE, after the company said its board will consider payment of special dividend on 20 July 2011.

The company announced its board meeting during trading hours today, 13 July 2011.

Meanwhile, the BSE Sensex was up 104.32 points, or 0.57%, to 18,515.94.

On BSE, 1.08 lakh shares were traded in the counter as against an average daily volume of 7,692 shares in the past one quarter.

The stock hit a high of Rs 523.80 and a low of Rs 472 so far during the day. The stock had hit a 52-week high of Rs 531.95 on 11 November 2010 and a 52-week low of Rs 363 on 21 July 2010.

The mid-cap stock had outperformed the market over the past one month till 12 July 2011, rising 1.15% compared with the Sensex's return of 0.78%. The scrip had also outperformed the market in past one quarter, gaining 0.97% as against 4.42% decline in the Sensex.

The company has an equity capital of Rs 31.57 crore. Face value per share is Rs 10.

Ingersoll-Rand said its board will also consider the company's Q1 June 2011 results in the same meeting on 20 July 2011.

Ingersoll-Rand (India)'s net profit rose 24.7% to Rs 18.58 crore on 17.5% increase in net sales to Rs 116.88 crore in Q4 March 2011 over Q4 March 2010.

Ingersoll-Rand (India) manufactures industrial equipment. The company's products include air compressors and stationary generators.

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