Esab India declines after poor Q2 numbers

Esab India lost 4.74% to Rs 880 at 10:51 IST on BSE after net profit fell 15% to Rs 9.29 crore on 3% decline in net sales to Rs 126.92 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 9 November 2017.

Meanwhile, the S&P BSE Sensex was up 17.19 points or 0.05% at 33,268.12. The S&P BSE Small-Cap index advanced 87.78 points or 0.5% at 17,719.15, outperforming the Sensex.

On the BSE, 1,256 shares were traded on the counter so far as against average daily volumes of 4,506 shares in the past one quarter. The stock had hit a high of Rs 900.10 and a low of Rs 864.60 so far during the day. The stock had hit a record high of Rs 1,075 on 5 October 2017 and a 52-week low of Rs 531 on 21 November 2016.

The stock had underperformed the market over the past one month till 9 November 2017, sliding 3.66% compared with the Sensex's 4.41% rise. The stock had, however, outperformed the market over the past one quarter, gaining 34.46% as against the Sensex's 4.57% rise. The scrip had also outperformed the market over the past one year, advancing 55.25% as against the Sensex's 22.01% rise.

The small-cap company has equity capital of Rs 15.39 crore. Face value per share is Rs 10.

Esab India is one of the leading suppliers of welding and cutting products in the country.

Powered by Capital Market - Live News