Scooters India is currently at an intra day high at Rs.18.20, up 9.3% and a tad lower than the upper circuit of Rs.18.30. Its 52-week high stands at Rs.42.05.

The stock is up after it posted a turnaround in its numbers for Q2FY14. A PSU with Government of India owning 90% stake, the company reported a net profit at Rs.60 lakh v/s loss of Rs.4 crore in Q2FY13. This turnaround was despite a 21% drop in revenue at Rs.37 crore. A 16% drop in operating costs, led by lower raw material cost and other income of Rs.1.44 crore helped the turnaround. For H1Fy14, loss decreased to Rs 3.14 crore as against Rs 11.94 crore in the year-ago period.