KSB Pumps zooms up
By
Research Desk
about 11 years ago
KSB Pumps is up strongly in the green today morning, currently at 224.80, up over 4%. Intra day high stands at Rs.236, which was just 50 paise short of hitting its previous 52-week high of Rs.236.50.
The stock has zoomed up after it posted a set of very good numbers for third quarter ended 30th Sept 2013. On a 11% (YoY) rise in net sales at Rs.188 crore, the company reported a 38% jump in net profit at Rs.18 crore.
KSB Pumps is one of the leading suppliers of pumps and valves in India. The company products have an application across a wide spectrum of industries which makes it the key beneficiary in case of a turnaround in the economy, especially the infra sector.