Garware-Wall Ropes drops after muted Q2 outcome

Garware-Wall Ropes lost 2.11% to Rs 917.10 at 11:55 IST on BSE after net profit rose 6.87% to Rs 28.15 crore on 8.45% fall in total income to Rs 210.38 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 22 November 2017.

Meanwhile, the S&P BSE Sensex was up 69.66 points, or 0.21% at 33,631.21. The S&P BSE Small-Cap index was up 137.71 points, or 0.77% at 17,991.19.

On the BSE, 4,727 shares were traded on the counter so far as against the average daily volumes of 2,282 shares in the past one quarter. The stock had hit a high of Rs 947 and a low of Rs 903.05 so far during the day. The stock had hit a record high of Rs 994.40 on 13 July 2017. The stock had hit 52-week low of Rs 550 on 22 November 2016.

The stock had outperformed the market over the past 30 days till 22 November 2017, rising 4.58% compared with 2.93% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 8.41% as against Sensex's 6.22% rise. The scrip also outperformed the market in past one year, surging 57.73% as against Sensex's 28.83% rise.

The small-cap company has equity capital of Rs 21.88 crore. Face value per share is Rs 10.

Garware-Wall Ropes manufactures and sells various products, such as ropes, twine, yarn, fishnet, nettings and technical textiles.

Powered by Capital Market - Live News