Hathway Cable gallops after turnaround in Q2

Hathway Cable & Datacom was locked at 20% upper circuit at Rs 38.25 at 12:06 IST on BSE after the company reported net profit of Rs 14.01 crore in Q2 September 2017, compared with net loss of Rs 40.44 crore in Q2 September 2016.

The result was announced after market hours yesterday, 2 November 2017.

Meanwhile, the S&P BSE Sensex was up 50.21 points or 0.15% at 33,623.43. The S&P BSE Small-Cap index advanced 121.34 points or 0.68% at 17,890.21, outperforming the Sensex.

On the BSE, 1.25 lakh shares were traded on the counter so far as against average daily volumes of 30,865 shares in the past one quarter. The stock had hit a high of Rs 38.25 and a low of Rs 36.50 so far during the day. The stock had hit a 52-week high of Rs 49.45 on 24 April 2017 and a 52-week low of Rs 26.75 on 9 November 2016.

The stock had underperformed the market over the past one month till 2 November 2017, advancing 4.42% compared with the Sensex's 7.32% rise. The stock had also underperformed the market over the past one quarter, sliding 2.45% as against the Sensex's 3.38% rise. The scrip had also underperformed the market over the past one year, advancing 5.11% as against the Sensex's 21.96% rise.

The small-cap company has equity capital of Rs 166.10 crore. Face value per share is Rs 2.

Hathway Cable & Datacom's net sales declined 58.9% to Rs 131.04 crore in Q2 September 2017 over Q2 September 2016.

Hathway Cable & Datacom offers cable television services across number of cities and towns.

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