Hawkins Cookers slumps on poor Q1 results

Hawkins Cookers plunged 8.73% to Rs 1,824 at 15:10 IST on BSE, after net profit fell 6.68% to Rs 4.89 crore on 8.74% fall in total income from operations (net) to Rs 75.30 crore in Q1 June 2013 over Q1 June 2012.

The result was announced during market hours today, 30 July 2013.

Meanwhile, the BSE Sensex was down 250.27 points, or 1.28%, to 19,343.01

On BSE, 2,858 shares were traded in the counter as against average daily volume of 2,515 shares over the past one quarter.

The stock hit a high of Rs 2,022 and a low of Rs 1,805.15 so far during the day. The stock had hit a record high of Rs 2,485 on 24 January 2013 and a 52-week low of Rs 1455 on 6 August 2012.

The small-cap stock had underperformed the market over the past one month till 29 July 2013, falling 8.25% compared with the Sensex's 1.02% rise. The scrip had also underperformed the market in past one quarter, sliding 6.35% as against Sensex's 1.06% rise.

The domestic kitchen appliances maker has an equity capital of Rs 5.29 crore. Face value per share is Rs 10.

Hawkins Cookers is the leader in the pressure cooker market in India and exports its products to various countries.

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