Goodyear India drops after weak Q1 outcome

Goodyear India lost 7.19% to Rs 538.75 at 14:05 IST after net profit fell 44.4% to Rs 15.62 crore on 29.2% fall in net sales to Rs 274.60 crore in Q1 March 2015 over Q1 March 2014.

The Q1 result was announced after market hours yesterday, 7 May 2015.

Meanwhile, the S&P BSE Sensex was up 512.99 points or 1.93% at 27,112.10

On BSE, so far 23,207 shares were traded in the counter as against average daily volume of 22,359 shares in the past one quarter.

The stock hit a high of Rs 571 and a low of Rs 533 so far during the day. The stock had hit a record high of Rs 720 on 16 September 2014. The stock had hit a 52-week low of Rs 381 on 14 May 2014.

The stock had outperformed the market over the past one month till 7 May 2015, rising 5.45% compared with 6.72% fall in the Sensex. The scrip had also outperformed the market in past one quarter, sliding 2.12% as against Sensex's 7.38% fall.

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

Goodyear India manufactures tyres.

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