Goodyear India declines after poor Q1 numbers

Goodyear India lost 2.44% to Rs 820 at 11:11 IST on BSE after net profit fell 31.1% to Rs 28.45 crore on 12.7% increase in net sales to Rs 468.24 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 75.38 points, or 0.24% at 31,722.46. The S&P BSE Small-Cap index was down 149.98 points, or 0.96% at 15,484.52.

On the BSE, 8,252 shares were traded on the counter so far as against the average daily volumes of 19,818 shares in the past one quarter. The stock had hit a high of Rs 839 and a low of Rs 810 so far during the day. The stock had hit a record high of Rs 944.75 on 25 April 2017 and a 52-week low of Rs 525.50 on 12 August 2016.

The stock had underperformed the market over the past one month till 9 Aug 2017, declining 7.82% compared with the Sensex's 1.39% rise. The scrip had also underperformed the market over the past one quarter declining 1% as against the Sensex's 6.23% rise. The scrip had, however, outperformed the market over the past one year advancing 55.37% as against the Sensex's 13.22% rise.

The small-cap company has equity capital of Rs 23.07 crore. Face value per share is Rs 10.

Goodyear India is engaged in the manufacturing and trading of tires, tubes and flaps. The company supplies tires to a range of original equipment manufacturers.

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