Intraday spotlight: This small-cap stock has jumped over 16 per cent today

The company is a leading gainer in Group A.

Ingersoll Rand (India) Ltd, a small-cap industrial machinery manufacturing company, has jumped over 16 per cent today from its previous close of Rs 1,342. It opened at Rs 1,375 and has made its day’s high of Rs 1,577.55. As of 2.30 pm today, the stock was trading near Rs 1,559 on BSE. With such an intraday move, it has become a leading Group A stock on BSE.   
With Sensex gaining momentum and trading in the green for the fifth consecutive trading session, this industrial machinery company has been flying as the industrial outlook seems strong. For the quarter ended December, the company reported robust figures with high growth of 28.7 per cent in revenues to reach Rs 245 crore along with a solid jump of 43.65 per cent in the net profit on a YoY basis, which stood at Rs 28.6 crore.      
Ingersoll Rand (India) Ltd is one of the first investments made by an American company in India. It was founded in 1921 in Kolkata. The company operates as a manufacturer as well as a seller of industrial air compressors and also, offers other services installation, commissioning & maintenance. With today’s stock movement, it has hit a fresh 52-week high of Rs 1,577.55. Meanwhile, it has a 52-week low of Rs 667.