Ador Welding tumbles to 52-week low on dismal Q1 results

Ador Welding lost 13.09% to Rs 100.90 at 13:41 IST on BSE after net profit fell 64.2% to Rs 1.62 crore on 19% fall in net sales to Rs 68.08 crore in Q1 June 2013 over Q1 June 2012.

The company announced the results after market hours on Wednesday, 24 July 2013.

Meanwhile, the BSE Sensex was down 177.47 points, or 0.88% to 19,913.21.

On BSE, 14,081 shares were traded in the counter as against average daily volume of 1,792 shares in the past one quarter.

The stock hit a 52-week low of Rs 97 in intraday trade today, 25 July 2013. The stock hit a high of Rs 114.55 so far during the day. The stock had hit a 52-week high of Rs 160.20 on 31 December 2012.

The small-cap stock had underperformed the market over the past one month till 24 July 2013, falling 2.07% compared with the Sensex's 8.36% gain. The scrip had also underperformed the market in past one quarter, rising 1.8% as against Sensex's rise of 4.75%.

The company has an equity capital of Rs 13.60 crore. Face value per share is Rs 10.

Ador Welding is into the manufacture of welding consumables, and its project engineering division offers customized solution and products that meet stringent industrial codes and standards apart from welding equipment.

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