(April 21, 2011)

Fag Bearings India soared 7.02% to Rs. 1011 at 15:25 IST on BSE, after net profit jumped 90.83% to Rs. 42.88 crore on 30.15% rise in net sales to Rs. 307.07 crore in Q1 March 2011 over Q1 March 2010.

The company announced the results during trading hours today, 21 April 2011.

Meanwhile, the BSE Sensex was up 129.25 points, or 0.66%, to 19,600.23.

On BSE, 18,876 shares were traded in the counter as against average daily volume of 3,094 shares over the past one quarter.

The stock hit a high of Rs. 1024 so far during the day, which is a record high for the counter. The stock hit a low of Rs. 928 so far during the day. The stock had hit a 52-week low of Rs. 508.10 on 9 June 2010.

The mid-cap stock had outperformed the market over the past one month till 20 April 2011, rising 19.63% compared with the Sensex's return of 8.91%. The stock had also outperformed the market in past one quarter, gaining 15.13% as against Sensex's return of 2.23%.

The company has an equity capital of Rs. 16.62 crore. Face value per share is Rs. 10.

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