Ashiana Housing declines after reverse turnaround in Q1

Ashiana Housing lost 3.88% to Rs 157.45 at 15:22 IST on BSE after the company reported a consolidated net loss of Rs 3.53 crore in Q1 June 2016 compared with net profit of Rs 9.07 crore in Q1 June 2015.

The result was announced after market hours yesterday, 14 September 2016.

Meanwhile, the S&P BSE Sensex was up 46.41 points or 0.16% at 28,418.64.

On BSE, so far 4,371 shares were traded in the counter as against average daily volume of 4,598 shares in the past one quarter. The stock hit a high of Rs 162.90 and a low of Rs 153.30 so far during the day. The stock had hit a 52-week low of Rs 116.60 on 25 February 2016. The stock had hit a 52-week high of Rs 203.80 on 29 October 2015. The stock had underperformed the market over the past one month till 14 September 2016, sliding 1.09% compared with 0.78% rise in the Sensex. The scrip had also underperformed the market in past one quarter, advancing 4.97% as against Sensex's 7.49% rise.

The small-cap company has equity capital of Rs 20.47 crore. Face value per share is Rs 2.

Ashiana Housing's net sales declined 13.8% to Rs 18.73 crore in Q1 June 2016 over Q1 June 2015.

Ashiana Housing is a real estate development company.

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