GMM Pfaudler drops after weak Q4 results

GMM Pfaudler lost 4.07% to Rs 259 at 14:52 IST on BSE after net profit declined 17.41% to Rs 4.03 crore on 6.23% growth in total income from operations (net) to Rs 59.94 crore in Q4 March 2015 over Q4 March 2014.

The result was announced at the fag end of trading hours yesterday, 19 May 2015. The stock had risen 0.82% to settle at Rs 270 on that day.

Meanwhile, the S&P BSE Sensex was up 195.41 points or 0.71% at 27,840.94.

On BSE, so far 21,000 shares were traded in the counter as against average daily volume of 5,432 shares in the past one quarter.

The stock hit a high of Rs 269 and a low of Rs 254.50 so far during the day. The stock had hit a 52-week low of Rs 110 on 19 May 2014. The stock had hit a record high of Rs 376.90 on 20 January 2015.

The stock had underperformed the market over the past one month till 19 May 2015, declining 7.25% compared with the Sensex's 2.8% fall. The scrip had also underperformed the market in past one quarter, sliding 12.08% as against Sensex's 6.17% fall.

The small-cap company has equity capital of Rs 2.93 crore. Face value per share is Rs 2.

GMM Pfaudler is engaged in the manufacturing of corrosion resistant glass-lined equipment used in the chemical, pharmaceutical and allied industries.

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