Meanwhile, S&P BSE Sensex was down 112.03 points or 0.28% at 40,155.59.

On BSE, 300 shares were traded in Swaraj Engines counter, compared to a 2-week average of 232 shares. The share price hit an intraday high of Rs. 1455.45 and an intraday low of Rs 1435.00. It hit a 52-week high of Rs 1968 on 4 June 2018 and a 52-week low of Rs 1256.35 on 14 February 2019.

Mahindra & Mahindra (M&M) purchased 1.77 lakh equity shares, or 1.46% stake, of Swaraj Engines at Rs 1,387 each. Jupiter India Fund sold 1.77 lakh shares of Swaraj Engines at Rs 1,387 each. Both the transactions took place on NSE yesterday, 3 June 2019.

Post transaction, M&M's stake in Swaraj Engines increased to 34.76% from 33.30% earlier.

Swaraj Engine's net profit declined 6.8% to Rs 16.65 crore on a 3.4% rise in net sales to Rs 191.47 crore in Q4 March 2019 over Q4 March 2018.

Swaraj Engines makes diesel engines and hi-tech engine components.

Powered by Capital Market - Live News

Net profit of Swaraj Engines declined 6.83% to Rs 16.65 crore in the quarter ended March 2019 as against Rs 17.87 crore during the previous quarter ended March 2018. Sales rose 3.35% to Rs 191.47 crore in the quarter ended March 2019 as against Rs 185.26 crore during the previous quarter ended March 2018.

For the full year,net profit rose 2.90% to Rs 82.42 crore in the year ended March 2019 as against Rs 80.10 crore during the previous year ended March 2018. Sales rose 13.04% to Rs 871.74 crore in the year ended March 2019 as against Rs 771.16 crore during the previous year ended March 2018.

Powered by Capital Market - Live News

Swaraj Engines announced that the Annual General Meeting (AGM) of the company will be held on 30 July 2019.

Powered by Capital Market - Live News

Swaraj Engines announced that the Board of Directors of the Company at its meeting held on 22 April 2019, inter alia, have recommended the special dividend of Rs 25 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

Powered by Capital Market - Live News