Foseco India drops after poor Q3 result

Foseco India fell 5.93% to Rs 1,468.25 at 11:55 IST on BSE after net profit fell 12.64% to Rs 7.74 crore on 9.62% increase in total income to Rs 86.95 crore in Q3 September 2016 over Q3 September 2015.

The result was announced after market hours yesterday, 20 October 2016.

Meanwhile, the BSE Sensex was down 131.26 points, or 0.47%, to 27,998.58

On BSE, so far 1,353 shares were traded in the counter, compared with an average volume of 227 shares in the past one quarter. The stock hit a high of Rs 1,519.95 and a low of Rs 1,451 so far during the day. The stock hit a record high of Rs 1,574 on 6 January 2016. The stock hit a 52-week low of Rs 1,070 on 1 March 2016. The stock had outperformed the market over the past 30 days till 20 October 2016, gaining 6.32% compared with 1.32% fall in the Sensex. The scrip also outperformed the market in past one quarter, advancing 9.02% as against Sensex's 1.17% rise.

The small-cap company has an equity capital of Rs 6.39 crore. Face value per share is Rs 10.

Foseco India offers the widest range of solutions for producing casting of the highest standards in terms of quality, surface finish, soundness, integrity and dimensional tolerance.

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