Trending stocks: Suprajit Engineering shares surge 10%

NEW DELHI: Shares of Suprajit Engineering traded 9.99 per cent up in Wednesday 's trade at 11:30 am.

Around 53124 shares changed hands on the counter. The stock opened at Rs 115.1 and touched an intraday high and low of Rs 123.85 and Rs 115.1 , respectively, in the session so far.

HDFC Mutual Fund bought 30,00,000 shares of Suprajit Engineering at Rs 113.50 for its HDFC Small and Mid cap fund.


The stock quoted a 52-week high of Rs 249.0 and a 52-week low of Rs 102.65 .

Financials
Suprajit Engineering Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 1549.79 Crore) operating in Auto Ancillaries sector.

For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 412.28 Crore, up 3.54 % from last quarter Sales of Rs 398.19 Crore and up 1.64 % from last year same quarter Sales of Rs 405.62 Crore Company has reported net profit after tax of Rs 31.18 Crore in latest quarter.

Suprajit Engineering Ltd. key Products/Revenue Segments include Auto Lamps which contributed Rs 982.76 Crore to Sales Value (99.47 % of Total Sales), Other Operating Revenue which contributed Rs 4.07 Crore to Sales Value (0.41 % of Total Sales), Sale of services which contributed Rs 1.09 Crore to Sales Value (0.11 % of Total Sales)for the year ending 31-Mar-2018.

Promoters holding
Promoters held 44.564278 per cent stake in the company as of Dec 2019 . For the quarter ended Dec 2019 , the company reported a net sales of Rs 412.275 crore and net profit of Rs 31.185 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 12.14 and price to book value of 2.24 .