Techno Electric Q1 net profit at Rs 31 crore;stock up

Techno Electric & Engineering’s net profit climbed 24.32 per cent to Rs 30.72 crore for quarter ended June 2011 against Rs 24.71 crore in the corresponding quarter a year ago.

MUMBAI: Techno Electric & Engineering’s net profit climbed 24.32 per cent to Rs 30.72 crore for quarter ended June 2011 against Rs 24.71 crore in the corresponding quarter a year ago. Net sales rose at Rs 189.71 crore in June 2011 quarter as compared to Rs 159.31 crore in the corresponding quarter last fiscal.

The stock was at Rs 229.15, up 1.35 per cent on the NSE. It touched a high of Rs 234 and low of Rs 224 in trade so far.
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