G M Breweries drops after poor Q1 result

G M Breweries lost 3.67% to Rs 593.60 at 15:23 IST on BSE after net profit fell 20.83% to Rs 12.58 crore on 9.62% rise in net sales to Rs 89.03 crore in Q1 June 2016 over Q1 June 2015.

The Q1 result was announced after trading hours on Tuesday, 5 July 2016. The stock market was closed yesterday, 6 July 2016, for a public holiday.

Meanwhile, the S&P BSE Sensex was up 42.24 points or 0.16% at 27,209.11

On BSE, so far 47,500 shares were traded in the counter as against average daily volume of 20,980 shares in the past one quarter. The stock hit a high of Rs 621.90 and a low of Rs 579.50 so far during the day. The stock hit a record high of Rs 928.20 on 8 January 2016. The stock hit a 52-week low of Rs 104.80 on 9 July 2015. The stock had underperformed the market over the past 30 days till 5 July 2016, falling 1.3% compared with Sensex's 1.45% rise. The scrip also underperformed the market in past one quarter, declining 25.47% as against Sensex's 9.1% rise.

The small-cap company has equity capital of Rs 14.62 crore. Face value per share is Rs 10.

G M Breweries is engaged in manufacturing and marketing of country liquor.

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