Hercules Hoists drops after weak Q4 outcome

Hercules Hoists lost 2.6% at Rs 155.25 at 12:39 IST on BSE after the company reported net loss of Rs 0.74 crore for Q4 March 2016, higher than net loss of Rs 0.65 crore for Q4 March 2015.

Meanwhile, the S&P BSE Sensex was up 124.52 points or 0.47% at 26,520.23.

On BSE, so far 4,555 shares were traded in the counter as against average daily volume of 10,446 shares in the past one quarter. The stock hit a high of Rs 157 and a low of Rs 154.20 so far during the trading session. The stock had 52-week high of Rs 213.80 on 11 August 2015. The stock had hit 52-week low of Rs 127.30 on 29 February 2016. The stock had underperformed the market over the past one month till 14 June 2016, gaining 1.98% compared with the Sensex's 3.55% rise. The scrip had outperformed the market in past one quarter, jumping 19.83% as against the Sensex's 6.42% rise.

The small-cap firm has equity capital of Rs 3.20 crore. Face value per share is Rs 1.

The company's net sales fell 11% to Rs 21.45 crore in Q4 March 2016 over Q4 March 2015. The company announced the fourth quarter results after trading hours yesterday, 14 June 2016.

The board of directors of the company has recommended dividend of Rs 1.50 per share for the year ended 31 March 2016.

Hercules Hoists is a one stop solution provider for all in-plant material handling needs. The company sells its products under the Indef brand. The Indef product range includes cranes, hoists, winches, manipulators, stores stackers, storage racks and safe power feed conductor systems.

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