BGR Energy drops after poor Q2 result

BGR Energy Systems lost 1.61% to Rs 109.80 at 14:25 IST on BSE after net profit fell 12% to Rs 8.37 crore on 19.9% growth in total income to Rs 832.27 crore in Q2 September 2015 over Q2 September 2014.

The result was announced after market hours on Friday, 13 November 2015.

Meanwhile, the S&P BSE Sensex was up 198.63 points or 0.78% at 25,809.16

On BSE, so far 29,811 shares were traded in the counter as against average daily volume of 45,484 shares in the past one quarter.

The stock hit a high of Rs 111.50 and low of Rs 108.10 so far during the day. The stock had hit a 52-week high of Rs 177.60 on 9 December 2014. The stock had hit a 52-week low of Rs 98.70 on 8 September 2015.

The stock had outperformed the market over the past one month till 13 September 2015, falling 3.21% compared with 4.6% fall in the Sensex. The scrip, however, underperformed the market in past one quarter, sliding 13.49% as against Sensex's 7.04% decline.

The small-cap company has equity capital of Rs 72.16 crore. Face value per share is Rs 10.

BGR Energy Systems is a leading EPC and Balance of Plant (BoP) engineering and contracting company for power projects in India.

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