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The stock has been thinly traded on BSE with a volume of just 3,692 shares since morning.
The scrip hit its near-term bottom of Rs 332.75 on 20 November 2006. Since then, it has appreciated to the current levels.
Federal-Mogul Goetze (India) is yet to come out with December 2006 quarter results. The company in its September quarter had reported a bottom line growth of 84.4% at Rs 12.32 crore over the corresponding previous year quarter. The sales for the same quarter stood at Rs 163.85 crore, up 19.1% over the year ago quarter.
Federal-Mogul Geotze (India) is involved in the manufacture of auto components like pistons, piston rings, sintered parts and cylinder liners covering a wide range of applications including two/three-wheelers, cars, SUVs, tractors, light commercial vehicles, heavy commercial vehicles, stationary engines and high output locomotive diesel engines. The company has its production facilities at Bangalore, Patiala and Bhiwadi.
In January 2007, Federal-Mogul Geotze (India) announced revising the size of its rights issue from the earlier announced Rs 100 crore to Rs 115 crore. Information on the company’s plans for utilization of these funds is not available.
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