Emco tumbles after poor Q3 results

Emco slumped 5.1% to Rs 40 at 12:34 IST on BSE after net profit declined 13.1% to Rs 0.86 crore on 33.3% growth in net sales to Rs 239.47 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced after market hours yesterday, 21 January 2015.

Meanwhile, the S&P BSE Sensex was up 78.88 points or 0.27% at 28,967.74.

On BSE, so far 68,000 shares were traded in the counter as against average daily volume of 1.23 lakh shares in the past one quarter.

The stock hit a high of Rs 42.15 and a low of Rs 39.70 so far during the day. The stock had hit a 52-week low of Rs 23.05 on 14 February 2014. The stock had hit a 52-week high of Rs 53.50 on 19 June 2014.

The stock had outperformed the market over the past one month till 21 January 2015, advancing 11.36% compared with the Sensex's 5.54% rise. The scrip had also outperformed the market in past one quarter, jumping 11.95% as against Sensex's 8.7% rise.

The small-cap company has equity capital of Rs 13.02 crore. Face value per share is Rs 2.

Emco is one of India's leading products and solutions provider for power generation, transmission, distribution utilities and industry.

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