Hot Pursuit     20-Apr-12
Sundaram Clayton gains after strong Q4 earnings
Sundaram Clayton rose 2.92% to Rs 165.50 at 13:53 IST on BSE after net profit rose 45.95% to Rs 22.93 crore on 26.79% growth in net sales to Rs 271.36 crore in Q4 March 2012 over Q4 March 2011.

The company announced the results during trading hours today, 20 April 2012.

Meanwhile, the BSE Sensex was down 24.85 points or 0.14% to 17,478.86.

On BSE, 34,579 shares were traded in the counter as against average daily volume of 8,442 shares in the past one quarter.

The stock hit a high of Rs 167 and a low of Rs 160.20 so far during the day. The stock had hit a 52-week high of Rs 204 on 19 January 2012. The stock had hit a 52-week low of Rs 129.50 on 26 September 2011.

The small-cap stock had outperformed the market over the past one month till 19 April 2012, rising 3.74% compared with the Sensex's 1.33% gain. The scrip had, however, underperformed the market in past one quarter, falling 14.31% as against Sensex's 5.17% gain.

The company has an equity capital of Rs 18.97 crore. Face value per share is Rs 5.

Sundaram Clayton's net profit rose 64.18% to Rs 61.16 crore on 29.46% growth in net sales to Rs 990.21 crore for the year ended 31 March 2012 over the year ended 31 March 2011.

Sundaram Clayton's board of directors at a meeting held today, 20 April 2012 declared an interim dividend of Rs 5.75 per share for the year ended 31 March 2012. The record date for the purpose of payment of the dividend is 27 April 2012.

Sundaram Clayton manufactures automotive products such as air driers, actuators, automatic slack adjusters and wedge brake chambers.

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