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Alphageo (India) drops after dismal Q2 results

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(India) fell 1.41% to Rs 950.05 at 9:53 on after the company reported consolidated net loss of Rs 3.37 crore in Q2 September 2017 compared with net loss of Rs 3.58 crore in Q2 September 2016.

The result was announced after market hours yesterday, 4 December 2017.

(India)'s consolidated net sales jumped 246.3% to Rs 21.3 crore in Q2 September 2017 over Q2 September 2016.

Dinesh Alla, Managing Director of the company has been appointed as Chairman and Managing Director of the company.

Meanwhile, the S&P Sensex, was down 138.10 points or 0.42% at 32,731.62. The S&P Small-Cap index, was down 150.32 points or 0.84% at 17,774.05, underperfoming the Sensex.

On the BSE, 10,791 shares were traded in the counter so far as against average daily volume of 12,010 shares in the past one quarter. The stock had hit a high of Rs 976.30 and a low of Rs 948.85 so far during the day. The stock had hit a 52-week high of Rs 1,101 on 30 May 2017. The stock had hit a 52-week low of Rs 750 on 3 November 2017.

The stock had outperformed the market over the past one month till 4 December 2017, gaining 28.18% compared with the Sensex's 2.42% decline. The stock had also outperformed the market over the past one quarter, advancing 22.98% as against the Sensex's 3.68% rise. The scrip had, however, underperformed the market over the past one year, rising 0.77% as against the Sensex's 25.31% rise.

The small-cap company has equity capital of Rs 6.36 crore. Face value per share is Rs 10.

(India) is the largest onshore integrated seismic service provider in the private sector and enjoys a market leadership in seismic survey.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 05 2017. 10:02 IST