Bombay Burmah slides as net loss widens in Q2

Bombay Burmah Trading Corporation was down 5.82% to Rs 527.15 at 12:51 IST on BSE after the company reported net loss of Rs 9.98 crore in Q2 September 2016, higher than net loss of Rs 6.41 crore in Q2 September 2015.

The result was announced after market hours yesterday, 8 November 2016.

Meanwhile, the S&P BSE Sensex was down 755.39 points or 2.74% at 26,835.75.

On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 70,827 shares in the past one quarter. The stock hit a high of Rs 542.90 and a low of Rs 494.55 so far during the day. The stock had hit a 52-week low of Rs 311 on 12 February 2016. The stock had hit a record high of Rs 673.40 on 5 October 2016. The stock had underperformed the market over the past one month till 8 November 2016, sliding 13.88% compared with 1.67% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 15.2% as against Sensex's 2.1% fall.

The mid-cap company has equity capital of Rs 13.95 crore. Face value per share is Rs 2.

Bombay Burmah Trading Corporation's net sales rose 10.4% to Rs 66.75 crore in Q2 September 2016 over Q2 September 2015.

Bombay Burmah Trading Corporation has diversified its interests into tea, coffee, other plantation products, biscuit and dairy products, auto electric and white goods parts, weighing products, horticulture and landscaping services, healthcare products (viz.) dental, orthopaedic and opthalmic products.

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