Autoline Industries shares soar 10.02 percent
By siliconindia   |   Wednesday, 22 June 2011, 23:35 IST
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Autoline Industries shares soar 10.02 percent
Bangalore: Autoline Industries stocks increased by 10.02 percent. After opening the day at 128.00, the stock touched the day's high of 140.50, before closing the day at 138.30. The previous close price was 125.70. Through the day 12.20 million shares were traded in the market with the current P/E ratio of 6.11. Autoline Industries has reported a sales turnover of 110.14 crore and a net profit of 5.06 crore for the quarter ended Dec '10. For the quarter ended Dec 2009 the sales turnover was 66.26 crore and net profit was 3.18 crore. The 52 week stock chart is on the left Autoline Industries is engaged in the business of dealing and manufacturing of pressed sheet metal auto components and assemblies, which is used in the manufacturing of the main product and labor charges for manufacturing of the main product and in Design Engineering Services. It has two segments: Press Sheet Auto Components and Assemblies and others. The principal products of the company include manufacturing of sheet metal auto components, subassemblies and main assemblies. Its subsidiaries include Autoline Industries. USA, Autoline Design Software and Autoline Industries USA. Its customers include Bajaj Auto, Cummins USA, American Axle FIAT India and Ashok Leyland.