Ahmedabad based Bhagwati Autocast, which manufactures auto ancillliaries and which has a good client list, has reported improved results in keeping with the industry's trend. This low cap company has recorded a net profit of Rs. 63 lacs against Rs 19 lacs in Q409. On equity of Rs 2.88 crore the quarterly EPS comes to Rs 2.21, and the TTM EPS is Rs 8 (PY Rs 6).
The stock has moved up today to hit the upper circuit at Rs 33. The stock can be a good bet once it cools down, as it will.The stock has a 52 week high/low of 34/17 and has a small market cap of Rs 10 cr.A good bet for small cap lovers.