Hot Pursuit     03-Nov-11
Solid earnings catapult Singer India
Singer India surged 7.01% to Rs 36.65 at 14:51 IST on BSE after net profit rose 36.1% to Rs 2 crore on 31% growth in net sales to Rs 33.92 crore in Q1 September 2011 over Q1 September 2010.

The company announced its results after market hours on Wednesday, 2 November 2011.

Meanwhile, the BSE Sensex was up 35.18 points, or 0.2% to 17,500.03.

On BSE, 58,454 shares were traded in the counter as against average daily volume of 13,875 shares in past one quarter.

The stock hit a high of Rs 39.70 and a low of Rs 35.50 so far during the day. The stock had hit a 52-week high of Rs 58.50 on 1 August 2011. The stock had hit a 52-week low of Rs 29 on 11 February 2011.

The small-cap stock had underperformed the market over the past one month till 2 November 2011, falling 8.67% compared with the Sensex's 6.15% rise. The stock had also underperformed the market in past one quarter, declining 29.09% as against 3.56% decline in the Sensex.

The company has an equity capital of Rs 10.74 crore. Face value per share is Rs 10.

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