AIA Engineering Share Price Hits 52 Week High

AIA Engineering Limited, manufacturer and marketer of a range of high chromium consumable wear parts has hit 52 week high at Rs 1439 on the National Stock Exchange (NSE) today. With clear signs of weariness seen in the bulls with markets struggling to inch higher than ‘8400’ levels decisively, stocks in capital goods sector are surging on bourses.

AIA Engineering share price is currently trading 8.26 per cent higher on the NSE. The scrip opened at Rs 1316 and has touched a high and low of Rs 1439 and Rs 1312.20, respectively. So far almost 3 lac shares traded on the NSE counter. The current market cap of the company is Rs 12413.03 cr.

The BSE group 'A' stock of face value Rs 2 has touched 52 week low of Rs 701.90 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs 1321.15 and Rs 1263 respectively.

The promoters holding in the company stood at 61.65 per cent while Institutions and Non-Institutions held 33.72 per cent and 4.63 per cent respectively. The scrip is currently trading above its 50 DMA.

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AIA Engineering Gallops in Trade Today

AIA Engineering share price surged by 6% during today’s half day trade. The stock had traded on a new one-year high of Rs. 1,329 on 19^th August that was after the company had declared its quarter result on 16^th of August. Even though the numbers were flat on both quarterly and yearly basis, the company had held its numbers just fine. The reaction of the Street has been that of appreciation. AIA engineering specializes in the design, development, manufacture, installation and servicing of high chromium wear, corrosion, and abrasion resistance castings used in the cement, mining and thermal power generation.

AIA engineering share price was currently trading at Rs. 1,245. The company’s ratios are way better than those of its peers. 

Ratios	AIAENG	SKFIND	Graphite	Vesuvius
OPM %	31.26	15.00	9.60	20.76
NPM %	17.26	8.59	3.72	11.44
EPS	8.41	11.50	0.56	11.73
CEPS	10.24	13.78	1.06	15.07
PE	19.08	33.52	18.95	25.12

The table shows that AIA Engineering Operating Profit Margin Ratio is maximum among its peers. This ratio measures the profitability of ventures after accounting for all costs. Also, looking at the Net Profit Margin Ratio, it is evident that the company’s profitability ratio is higher among them and that the company has the utmost percentage of profit from business operations after deducting business operating expenses, interest expenses, taxes and preferred stocks dividend from revenues. Although the company’s Earnings per shares are way behind SKA India and Vesuvius, it is ahead of Graphite in the ratio.

AIA Engineering is in the top 500 performing stocks list picked by Dynamic Levels. So far, 53,930 shares have changed hands over the NSE trading window. AIA Engineering share price opened at Rs. 1,180 against its previous close of Rs. 1,176.75. For details on the support and resistance levels of the stock, visit AIA Engineering share price forecast page of Dynamic Levels website.