Ador Welding is up and about

Ador Welding is up and about today. The stock price is up currently 5% at Rs.280 with an intra day high at Rs.284.10. Its 52-week high and low stands at Rs.364 and Rs.200 respectively.

The stock is up on the back of its very good performance for Q3FY16. Despite a 4.5% (YoY) fall in net sales at Rs.83 crore, thanks to the 10% drop in expenses and 32% drop in interest outgo, posted a net profit of Rs.5 crore, up almost 8 times.

This Mumbai based company, formerly known as Advani–Oerlikon , making welding products has been in existence since 1951 and going by its stock price, continues to command respect too.   The company has two segments – Consumables and equipment and Project engineering (EPE). Consumables, which contributes 66% to the total turnover.