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Omax Autos declines after reverse turnaround in Q4

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fell 4.73% to Rs 83.50 at 11:19 on after the company reported net loss of Rs 0.59 crore in Q4 March 2017, compared with net profit of Rs 4.61 crore in Q4 March 2016.

The result was announced after market hours yesterday, 18 April 2017.

Meanwhile, the S&P Sensex was up 24.64 points, or 0.08% at 29,343.74. The S&P Small-cap index was up 70.04 points, 0.47% at 14,914.15.

On the BSE, 6,615 shares were traded on the counter so far as against the average daily volumes of 6,782 shares in the past one quarter. The stock had hit a high of Rs 84.95 and a low of Rs 81.10 so far during the day.

The stock had hit a 52-week high of Rs 103.40 on 21 October 2016 and a 52-week low of Rs 57.25 on 6 June 2016. The stock had outperformed the market over the past one month till 18 April 2017, advancing 11.23% compared with the Sensex's 1.11% decline. The scrip had also outperformed the market over the past one quarter advancing 13.91% as against the Sensex's 7.56% rise.

The small-cap company has equity capital of Rs 21.39 crore. Face value per share is Rs 10.

Omax Autos' total revenue fell 0.94% to Rs 259.76 crore in Q4 March 2017 over Q4 March 2016.

is one of the leading manufacturers of auto and non-auto components in India. The company specializes in sheet metal components, tubular components and machined components.

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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. 11:34 IST
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