Automotive Stampings declines after Q2 net loss widens

Automotive Stampings & Assemblies fell 2.75% to Rs 86.70 at 13:58 IST on BSE after the company reported net loss of Rs 14.24 crore in Q2 September 2017, higher than net loss of Rs 4.44 crore in Q2 September 2016.

The result was announced after market hours yesterday, 23 October 2017.

Meanwhile, the S&P BSE Sensex was up 38.77 points, or 0.12% to 32,545.49.

On the BSE, 19,000 shares were traded in the counter so far, compared with average daily volumes of 16,032 shares in the past one quarter. The stock had hit a high of Rs 90.35 and a low of Rs 82.65 so far during the day. The stock hit a 52-week high of Rs 101.75 on 3 October 2017. The stock hit a 52-week low of Rs 48.25 on 22 November 2016.

The stock had outperformed the market over the past one month till 23 October 2017, rising 7.15% compared with 1.83% rise in the Sensex. The scrip had underperformed the market in past one quarter, falling 5.81% as against Sensex's 0.86% rise. The scrip had also outperformed the market in past one year, rising 32.66% as against Sensex's 15.36% rise.

The small-cap company has equity capital of Rs 15.86 crore. Face value per share is Rs 10.

Automotive Stampings & Assemblies' net sales fell 12.9% to Rs 70.14 crore in Q2 September 2017 over Q2 September 2016.

Automotive Stampings and Assemblies is an auto components supplier.

Powered by Capital Market - Live News