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Plastiblends India slumps after weak Q2 results

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tanked 6.15% to Rs 226 at 10:46 on after net profit fell 64.7% to Rs 2.80 crore on 11.2% growth in net sales to Rs 144.12 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 5 December 2017.

Meanwhile, the S&P Sensex was down 83.21 points or 0.25% at 32,719.23. The S&P Small-Cap index rose 0.41%, outperforming the Sensex.

On the BSE, 12,000 shares were traded on the counter so far as against average daily volumes of 4,223 shares in the past one quarter. The stock had hit a high of Rs 232.75 and a low of Rs 222 so far during the day. The stock had hit a record high of Rs 333.30 on 6 July 2017 and a 52-week low of Rs 199.50 on 27 March 2017.

The stock had outperformed the market over the past one month till 5 December 2017, sliding 2.41% compared with the Sensex's 2.62% fall. The stock had, however, underperformed the market over the past one quarter, declining 11.39% as against the Sensex's 3.12% rise. The scrip had also underperformed the market over the past one year, advancing 1.04% as against the Sensex's 24.49% rise.

The small-cap company has equity capital of Rs 12.99 crore. Face value per share is Rs 5.

is engaged in the manufacturing of masterbatches.

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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, December 06 2017. 10:42 IST