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Greenlam Inds drops after poor Q2 outcome

Capital Market 

Greenlam Industries lost 3.38% to Rs 802 at 15:15 on after net profit fell 2.71% to Rs 8.97 crore on 6.67% rise in total income from operations (net) to Rs 245.41 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 18 October 2016.

Meanwhile, the S&P Sensex was up 517.18 points or 1.88% at 28,047.15

On BSE, so far 2,870 shares were traded in the counter as against average daily volume of 537 shares in the past one quarter. The stock hit a high of Rs 855 and a low of Rs 792.30 so far during the day. The stock had outperformed the market over the past 30 days till 17 October 2016, rising 13.85% compared with 3.74% decline in the Sensex. The scrip also outperformed the market in past one quarter, surging 25.09% as against Sensex's 0.93% decline.

The small-cap company has equity capital of Rs 12.07 crore. Face value per share is Rs 5.

Greenlam Industries is into surface decorative business.

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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, October 18 2016. 15:19 IST