Esab India drops after weak Q1 results

Esab India fell 3.68% to Rs 718.65 at 10:15 IST on BSE after net profit fell 1.73% to Rs 9.07 crore on 8.65% increase in total income from operations to Rs 139.69 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 3 August 2017.

Meanwhile, the S&P BSE Sensex was down 49.73 points, or 0.15% at 32,188.15. The S&P BSE Small-Cap index was up 7.1 points, or 0.04% at 15,918.44.

On the BSE, 468 shares were traded on the counter so far as against the average daily volumes of 2,609 shares in the past one quarter. The stock had hit a high of Rs 734.65 and a low of Rs 712 so far during the day. The stock had hit a record high of Rs 817.95 on 27 July 2017 and a 52-week low of Rs 531 on 21 November 2016.

The stock had outperformed the market over the past one month till 3 August 2017, advancing 16.59% compared with the Sensex's 3.25% rise. The scrip had also outperformed the market over the past one quarter advancing 17.51% as against the Sensex's 7.84% rise. The scrip had also outperformed the market over the past one year advancing 23.22% as against the Sensex's 16.39% 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.

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