Hawkins Cookers tumbles after weak Q1 numbers

Hawkins Cookers slumped 5.64% to Rs 2,802.05 at 14:20 IST on BSE after net profit fell 55.68% to Rs 4.57 crore on 13.3% decrease in total revenue to Rs 87 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 2 August 2017.

Meanwhile, the S&P BSE Sensex was down 50.09 points, or 0.15% at 32,525.08. The S&P BSE Small-Cap index was up 12.49 points, or 0.08% at 16,062.34.

On the BSE, 2,275 shares were traded on the counter so far as against the average daily volumes of 971 shares in the past one quarter. The stock had hit a high of Rs 2,980 and a low of Rs 2,801.55 so far during the day. The stock had hit a 52-week high of Rs 3,610 on 25 October 2016 and a 52-week low of Rs 2,500 on 23 December 2016.

The stock had underperformed the market over the past one month till 1 August 2017, advancing 0.61% compared with the Sensex's 5.35% rise. The scrip had also underperformed the market over the past one quarter declining 5.16% as against the Sensex's 8.88% rise. The scrip had also underperformed the market over the past one year advancing 11% as against the Sensex's 16.33% rise.

The small-cap company has 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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