Kinetic Motor Company has reported a sales turnover of Rs 0.08 crore and a net profit of Rs 0.01 crore for the quarter ended Sep '12
Stocks in news: Kingfisher Airlines | Kinetic Motor | Shah Alloys | Nestle India | Gail | Power Grid and Sun Pharma are stocks, which are in the news today.
Imtiaz Qureshi of Investia Financial feels that one should buy Kinetic Motor above Rs 19.
Kinetic Motor Company has reported a sales turnover of Rs 0.12 crore and a net loss of Rs 0.55 crore for the quarter ended Mar '11
Scooters India has surged 83.29% in the last one year. Today, the stock rose 5%. The Cabinet has approved induction of strategic partner in the company. The government will offload its entire 95% stake in the company. According to reports, Mahindra and Mahindra is examining the stake buy.
Kinetic Motor Company's board has approved a proposal to invest up to Rs 20 crore in one of its group companies', the scooter maker informed the stock exchanges. Kinetic Motor did not name the group company in which it would be investing. The decision is subject to shareholders' approval, the company said.