Gujarat Apollo drops after dismal Q2 result

Gujarat Apollo Industries lost 5.48% to Rs 222.50 at 09:19 IST on BSE after net profit dropped 85.88% to Rs 1.96 crore on 28.77% slide in total income to Rs 27.29 crore in Q2 September 2017 over Q2 September 2016.

The announcement was made after trading hours yesterday, 12 December 2017.

Meanwhile, the S&P BSE Sensex was down 62.78 points, or 0.19% at 33,165.21. The S&P BSE Small-Cap index was up 8.14 points, or 0.04% at 18,136.06.

On the BSE, 1,295 shares were traded on the counter so far as against the average daily volumes of 11,025 shares in the past one quarter. The stock had hit a high of Rs 228.35 and a low of Rs 222.50 so far during the day. The stock had hit a record high of Rs 307.95 on 13 September 2017. The stock had hit a 52-week low of Rs 127.75 on 27 December 2016.

The stock had outperformed the market over the past one month till 12 December 2017, rising 2.21% compared with the Sensex's 0.59% rise. The scrip, however, underperformed the market over the past one quarter, sliding 16% as against the Sensex's 3.24% rise. The scrip, however, outperformed the market over the past one year, surging 76.99% as against the Sensex's 24.46% rise.

The small-cap company has equity capital of Rs 12.66 crore. Face value per share is Rs 10.

Gujarat Apollo Industries is manufacturer of wide range of equipments to serve construction and mining industry.

Powered by Capital Market - Live News