D-Link (India) recovers from post-result losses

D-Link (India) rose 3.16% to Rs 93.05 at 12:47 IST on BSE, with the stock recovering on bargain hunting after Monday's slide triggered by the company reporting weak Q1 results.

Meanwhile, the S&P BSE Sensex was up 23.49 points or 0.07% at 31,725.74. The S&P BSE Small-Cap index rose 99.11 points or 0.62% at 16,129.26.

On the BSE, 55,000 shares were traded on the counter so far as against the average daily volumes of 41,569 shares in the past one quarter. The stock had hit a high of Rs 95.55 and a low of Rs 90.50 so far during the day. The stock had hit a 52-week high of Rs 154 on 10 April 2017 and a 52-week low of Rs 75.25 on 21 September 2016.

The stock had underperformed the market over the past one month till 4 September 2017, sliding 9.07% compared with the Sensex's 1.93% fall. The stock had also underperformed the market over the past one quarter, declining 11.09% as against the Sensex's 1.37% rise. The scrip had also underperformed the market over the past one year, advancing 8.35% as against the Sensex's 11.11% rise.

The small-cap company has equity capital of Rs 7.10 crore. Face value per share is Rs 2.

Shares of D-Link (India) had declined 6.87% in a single trading session to settle at Rs 90.20 yesterday, 4 September 2017, after the company reported reverse turnaround in Q1 after market hours on Friday, 1 September 2017.

D-Link (India) reported net loss of Rs 10.59 crore in Q1 June 2017 as against net profit of Rs 0.51 crore in Q1 June 2016. Net sales declined 39% to Rs 92.17 crore in Q1 June 2017 over Q1 June 2016.

D-Link (India) is engaged in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions.

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