Lakshmi Machine Works Shares make New 52 week High

Lakshmi Machine Works Ltd posted

a net profit of Rs. 331.391 million for
the quarter ended 30th June, 2016
as compared to Rs. 432.106 million
for the quarter ended 30th June,
2015.
Total Income of the Company has
decreased from Rs. 6470.083
million for the quarter ended
30th June, 2015 to Rs. 5798.286
million for the quarter ended
30th June, 2016.
The promoters holding in the company stood at 28.35 per cent while Institutions and NonInstitutions held 29.93 per cent and 41.72 per cent respectively.
The Company posted revenue of Rs 557.58 crores for the Q1 FY17 against Rs 692.64 crores
for Q4 FY16. The profit before tax (PBT) for the quarter ended 30th June 2016 has been
recorded as Rs 48.70 crore. The same for the quarter ended 31st March 2016 was Rs 86.38
crores.
The EPS (earning per share) of the Company decreased from Rs 49.78 for the quarter ended
31st March 2016 to Rs 29.41 for the quarter ended 30th June 2016.
Though the financial results of the disappointed the market, LMW share price made a new 52
week high of Rs 4,141.00 in todays trading session. The 52 week low of the Company is Rs
2,934.50 made on 15th February 2016. Currently LMW share price is trading at Rs 3,999.85,
up by 8.10 per cent. The intraday low so far is Rs 3,702.10. The share price opened at Rs
3,743.50 from the previous closing of Rs 3,700.30. The Company is one of the Top 500 shares
recommended by Dynamic levels. Get the most important resistance and support levels of the
share at LMW share price forecast.

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