Steelcast shines on Q2 numbers

Steelcast, India"s leading steel castings manufacturer, shined on Tuesday after it posted Q2 numbers.

The company reported a surge of 2.08 times in net profit to Rs 60.9 million for the quarter ended Sept. 30, 2012 as compared to Rs 29.3 million in the same period last year.

Net sales of the company increased by 40.23% to Rs 743.5 million for the quarter ended Sept. 30, 2012 as compared to Rs 530.2 billion in the same period last year.Shares ofthe companyare trading at Rs 58, up Rs 1.45, or 2.56% at the Bombay Stock Exchange (BSE) on Tuesday at 9:25 a.m.The scrip has touched an intra-day high of Rs 58. and low of Rs 57.30. The total volume of shares traded at the BSE is 4,150.

In the earlier session, the shares declined 0.53%, or Rs 0.3, at Rs 56.55. Currently, the stock is trading down 52.26% from its 52-week high of Rs 121.50 and above 157.78% over the 52-week low of Rs 22.50.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 55.25 1.30 2.35 1 Month 48.00 8.55 17.81 3 Months 53.34 3.21 6.02 6 Months 50.31 6.24 12.40 1 Year 26.23 30.33 115.63 Note: Based on previous day closing price.