Atlas Copco ( India) constructs a winning streak on flat results
Atlas Copoc (India), rising 5.15 % to Rs 950 today, has gained nearly 20% since it announced its March 2007 quarte results end April 2007.
On BSE, 10,987 shares were traded in the counter.
The stock of Atlas Copco (India) had surged in the run-up to the results. From Rs 700 on 10 April 2007, it touched Rs 804.10 by 30 April 2007. The scrip had moved in a narrow range in March 2007.
Despite delclaring almost flat Q1 March 2007 results on 30 April 2007, the stock rallied and gained 20.17% since 3 May 2007 to Rs 903.45 on 24 May 2007.
Atlas Copco (India), a 83.77% subsidiary of Atlas Copco AB, Sweden, and a dominant player in the compressed air, construction and mining equipment segment, reported net profit of Rs 17.98 crore in Q1 March 2007 as against Rs 17.67 crore in Q1 March 2006. Net sales rose 3