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Balmer Lawrie drops after weak Q1 results

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fell 4.33% to Rs 232.15 at 10:03 on after net profit fell 19.5% to Rs 29.80 crore on 0.8% increase in net sales to Rs 465.35 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 9 August 2017.

Meanwhile, the S&P Sensex was down 151.51 points, or 0.48% at 31,646.33. The S&P Small-Cap index was down 184.30 points, or 1.18% at 15,450.20.

On the BSE, 8,395 shares were traded on the counter so far as against the average daily volumes of 25,806 shares in the past one quarter. The stock had hit a high of Rs 237 and a low of Rs 227.20 so far during the day. The stock had hit a record high of Rs 286.73 on 13 December 2016 and a 52-week low of Rs 158.58 on 11 August 2016.

The stock had outperformed the market over the past one month till 9 Aug 2017, advancing 3.99% compared with the Sensex's 1.39% rise. The scrip had, however, underperformed the market over the past one quarter advancing 4.91% as against the Sensex's 6.23% rise. The scrip had, however, outperformed the market over the past one year advancing 46.14% as against the Sensex's 13.22% rise.

The small-cap company has equity capital of Rs 114 crore. Face value per share is Rs 10.

is engaged in providing greases and lubricating oils, industrial packaging (steel drums), logistics infrastructure and services, and tours and travel.

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

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