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Manaksia Inds extends post-result slide

Capital Market 

Industries was locked at 5% lower circuit at Rs 33.45 at 15:15 on BSE, with the stock extending recent slide triggered by the company reporting weak Q4

Meanwhile, the S&P Sensex was up 21.53 points or 0.07% at 29,340.63. The S&P Small-Cap index was up 114.29 points or 0.77% at 14,958.40.

On the BSE, 2.33 lakh shares were traded on the counter so far as against the average daily volumes of 20,938 shares in the past one quarter. The stock had hit a high of Rs 36.90 and a low of Rs 33.45 so far during the day.

The stock had hit a record high of Rs 40.95 on 17 April 2017 and a 52-week low of Rs 3.20 on 9 May 2016. It had outperformed the market over the past one month till 18 April 2017, advancing 26.62% compared with the Sensex's 1.11% fall. The scrip had also outperformed the market over the past one quarter, gaining 60.07% as against the Sensex's 7.56% rise.

The small-cap company has equity capital of Rs 6.55 crore. Face value per share is Rs 1.

Shares of Industries have fallen 14.23% in three trading sessions from its closing of Rs 39 on 13 April 2017, after the company reported weak Q4 March 2017 on Saturday, 15 April 2017.

Industries' consolidated net profit declined 55.8% to Rs 6.30 crore on 80.9% rise in net sales to Rs 60.81 crore in Q4 March 2017 over Q4 March 2016.

Manaksia Industries is engaged in the business of metal packaging products and aluminum semi rigid containers.

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

First Published: Wed, April 19 2017. 15:19 IST