Thursday, 28 January 2016

Rane Brake Q3 net profit at Rs.7.9 crore, rises 79.5%

Total income was at Rs.111.7 crore for the quarter ended Dec. 31, 2015 compared with Rs.101.1 crore in the same quarter last year.


Rane Brake Ltd reported net profit at Rs. 7.9 crore for the third quarter that ended on December 31, 2015 compared withy Rs. 4.4 crore YoY.

Total income was at Rs.111.7 crore for the quarter ended Dec. 31, 2015 compared with Rs.101.1 crore in the same quarter last year.

Rane Brake Lining Ltd is trading at Rs. 361.2, up by Rs. 34.2 or 10.46% from its previous closing of Rs. 327 on the BSE.

The scrip opened at Rs. 300 and has touched a high and low of Rs. 368 and Rs. 300 respectively. So far 16670(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 258.66 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 405.9 on 30-Jul-2015 and a 52 week low of Rs. 265 on 01-Jun-2015. Last one week high and low of the scrip stood at Rs. 335 and Rs. 287.2 respectively.

The promoters holding in the company stood at 66.5 % while Institutions and Non-Institutions held 9.75 % and 23.75 % respectively.

The stock is currently trading below its 50 DMA.

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