Allsec Technologies slides after weak Q4 earnings

Allsec Technologies fell 2.59% to Rs 379.85 at 11:59 IST on BSE after consolidated net profit fell 8.04% to Rs 15.44 crore on 8.24% decline in net sales to Rs 80.50 crore in Q4 March 2017 over Q3 December 2016.

The result was announced after market hours yesterday, 15 May 2017.

Meanwhile, the S&P BSE Sensex was up 103.35 points, or 0.34% to 30,425.47.

On the BSE, 24,000 shares were traded in the counter so far, compared with average daily volumes of 4,206 shares in the past one quarter. The stock had hit a high of Rs 389.95 and a low of Rs 355.60 so far during the day. The stock hit a record high of Rs 464 on 16 January 2017. The stock hit a 52-week low of Rs 179.30 on 3 June 2016.

The stock had outperformed the market over the past one month till 15 May 2017, rising 5.62% compared with 2.92% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 8.51% as against Sensex's 7% rise.

The small-cap company has equity capital of Rs 15.24 crore. Face value per share is Rs 10

On a consolidated basis, Allsec Technologies' net profit rose 98.61% to Rs 61.45 crore on 38.32% rise in net sales to Rs 322.80 crore in the year ended March 2017 over the year ended December 2016.

Allsec Technologies is engaged in providing business process solutions across various industry verticals. It is involved in providing call center services.

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