Hot Pursuit     08-Aug-17
Igarashi Motors in demand
Igarashi Motors India rose 8.63% to Rs 1,045.85 at 14:23 IST on BSE after the company said it will supply parts to US-based electric car major Tesla, Inc.
Meanwhile, the S&P BSE Sensex was down 228.66 points, or 0.71% to 32,045.01.

On the BSE, 27,000 shares were traded in the counter so far, compared with average daily volumes of 9,221 shares in the past one quarter. The stock had hit a high of Rs 1,124 and a low of Rs 960 so far during the day. The stock hit a record high of Rs 1,125 on 16 June 2017. The stock hit a 52-week low of Rs 650 on 21 November 2016.

The stock had underperformed the market over the past one month till 7 August 2017, falling 5.08% compared with 2.91% rise in the Sensex. The scrip had outperformed the market in past one quarter, rising 10.45% as against Sensex's 7.82% rise. The scrip had also outperformed the market in past one year, rising 40.70% as against Sensex's 14.52% rise.

The small-cap company has equity capital of Rs 30.61 crore. Face value per share is Rs 10.

Igarashi Motors India will be supplying components to the US-based maker of Model 3 electric car through a vendor, P Mukund, managing director, Igarashi Motors India said in a conference call with analysts on 3 August 2017. Igarashi will be supplying the motors for Tesla X's falcon doors, door lever retractors and motors for steering tilt and column adjustment.

Mukund also said that Igarashi's joint venture with Bosch will get into new platforms. Bosch is one of the companies that is strongly focused on automation, he said.

Net profit of Igarashi Motors India declined 5.12% to Rs 17.99 crore on 4.31% rise in net sales to Rs 130.81 crore in Q1 June 2017 over Q1 June 2016.

Igarashi Motors India is engaged in the business of auto components for automobiles.

Previous News
  Igarashi Motors India reports standalone net loss of Rs 3.28 crore in the March 2022 quarter
 ( Results - Announcements 23-May-22   17:07 )
  Igarashi Motors India reports standalone net profit of Rs 3.75 crore in the June 2021 quarter
 ( Results - Announcements 09-Aug-21   14:54 )
  Igarashi Motors India announces board meeting date
 ( Corporate News - 28-Oct-23   15:57 )
  Igarashi Motors India to declare Quarterly Result
 ( Corporate News - 01-Aug-23   11:55 )
  Igarashi Motors India to conduct board meeting
 ( Corporate News - 18-May-21   10:22 )
  Igarashi Motors India standalone net profit declines 69.39% in the March 2020 quarter
 ( Results - Announcements 04-Jun-20   15:18 )
  Igarashi Motors India standalone net profit declines 70.70% in the June 2019 quarter
 ( Results - Announcements 09-Aug-19   14:37 )
  Igarashi Motors India AGM scheduled
 ( Corporate News - 11-Jul-19   09:57 )
  Igarashi Motors India fixes record date for bonus issue
 ( Market Beat - Reports 05-Sep-18   17:24 )
  Igarashi Motors to raise capital
 ( Corporate News - 23-Nov-06   16:16 )
  Igarashi Motors India to convene board meeting
 ( Corporate News - 02-Nov-20   16:32 )
Other Stories
  HDFC Bank Q4 PAT rises 7% YoY to Rs 17,616 cr; NII rises 10%
  19-Apr-25   18:04
  Yes Bank Q4 PAT climbs 63% YoY to Rs 738 cr
  19-Apr-25   16:20
  Mastek Q4 PAT slides 14% QoQ to Rs 81 cr; recommends final dividend of Rs 16/sh
  19-Apr-25   14:31
  Tata Elxsi posts PAT of Rs 172 crore in Q4; EBITDA margin at 20.5%
  19-Apr-25   12:47
  Mahindra EPC records more than fourfold rise in Q4 PAT
  19-Apr-25   11:04
  Just Dial Q4 PAT climbs 36% YoY to Rs 158 cr
  19-Apr-25   10:02
  Jio Financial Services Q4 PAT rises 2% YoY to Rs 316 cr
  19-Apr-25   08:57
  HDFC Life Q4 PAT climbs 16% YoY to Rs 476 cr
  17-Apr-25   17:32
  Infosys Q4 PAT rises 3% QoQ to Rs 7,038 cr; declares dividend of Rs 22/sh
  17-Apr-25   17:25
  HDFC AMC rises after Q4 PAT jumps 18% YoY to Rs 639 cr; declares final dividend of Rs 90/sh
  17-Apr-25   17:11
Back Top