De Nora India drops after reverse turnaround in Q2

De Nora India lost 4.11% to Rs 245 at 10:55 IST on BSE after the company reported net loss of Rs 1.01 crore in Q2 September 2017 as compared with net profit of Rs 0.57 crore in Q2 September 2016.

The announcement was made after market hours yesterday, 22 November 2017.

Meanwhile, the S&P BSE Sensex was up 32.34 points, or 0.1% to 33,593.89. The S&P BSE Small-Cap index was up 149.85 points, or 0.84% to 18,003.33.

On BSE, so far 2,959 shares were traded in the counter as against average daily volume of 4,906 shares in the past one quarter. The stock hit a high of Rs 250.20 and a low of Rs 245 so far during the day. The stock hit a 52-week high of Rs 332 on 13 August 2017. The stock hit a 52-week low of Rs 200 on 22 November 2016.

The stock had outperformed the market over the past 30 days till 22 November 2017, rising 5.12% compared with 2.93% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 1.88% as against Sensex's 6.22% rise. The scrip had underperformed the market in past one year, gaining 17.69% as against Sensex's 28.83% rise.

The small-cap company has equity capital of Rs 5.31 crore. Face value per share is Rs 10.

De Nora India's net sales dropped 51.73% to Rs 4.32 crore in Q2 September 2017 over Q2 September 2016.

De Nora India (erstwhile known as Titanor Components) is a subsidiary of the De Nora Group. De Nora India is a leader in the fields of Cathode & Anode for Chlor-Alkali Industry, Electrochlorinators and Cathodic Protection Systems.

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