IST shares rise by 9.42 percent

Bangalore: When the markets closed today,IST stocks increased by 9.42 percent. After opening the day at Rs. 185.00, the stock touched the day's high of 198.00, before closing the day at Rs. 196.95. The previous close price was Rs. 180.00. Through the day Rs. 5.83 million shares were traded in the market with the current P/E ratio of 4.21. IST has reported a sales turnover of Rs 4.60 crore and a net profit of Rs 0.56 crore for the quarter ended Jun 2010. For the quarter ended Jun 2009 the sales turnover was Rs 5.10 crore and net profit was Rs 0.50 crore. The 52 week stock chart is on the left

IST is engaged in high precision auto component manufacturing. It is engaged in the manufacture of precision turned, milled, drilled components and stampings for the industries, such as auto component industry, white goods industry, consumer goods industry, and dental and orthopeadic implants. Its major customers include Maruti Suzuki and Tata-Fiat.

Its products include automotive transmission parts; carburettor parts; fuel injection equipment and parts; precision components and assemblies for communication equipment and office products, consumer durable and white goods, and dental and orthopeadic screws. It exports its products to the United States, Hungary, Germany, China, Switzerland and Hong Kong. It's wholly owned subsidiary, Gurgaon Infospace has set up sector specific special economic zone for information technology (IT)/information technology enabled services (ITES) over an area of 11.58 hectares at village Dundahera, Haryana.