Hind Rectifiers declines after reporting weak Q2 results

Hind Rectifiers declined 2.18% to Rs 115 at 10:40 IST on BSE after the company reported net loss of Rs 0.76 crore in Q2 September 2017 compared to net loss of Rs 0.98 crore in Q2 September 2016.

Net revenue from operations dropped 16% to Rs 23.99 crore in Q2 September 2017 over Q2 September 2016.

The announcement was made during market hours today, 13 December 2017.

Meanwhile, the BSE Sensex was down 23.93 points, or 0.07%, to 33,204.06. The BSE Small-Cap index was up 26.25 points, or 0.14%, to 18,154.17, outperforming the Sensex.

On the BSE, 737 shares were traded in the counter so far, compared with average daily volumes of 14,444 shares in the past one quarter. The stock had hit a high of Rs 116.35 and a low of Rs 115 so far during the day. The stock had hit a 52-week high of Rs 143.79 on 20 September 2017. The stock had hit a 52-week low of Rs 72.77 on 3 March 2017.

The stock had outperformed the market over the past one month till 12 December 2017, rising 11.75% compared with the Sensex's 0.26% fall. The scrip also outperformed the market over the past one quarter, gaining 33.99% as against the Sensex's 3.33% rise. The scrip also outperformed the market over the past one year, rising 29.76% as against the Sensex's 25.32% rise.

The small-cap company has equity capital of Rs 3.31 crore. Face value per share is Rs 2.

Hind Rectifiers is engaged in developing, designing, manufacturing and marketing power semiconductor, power electronic equipments and railway transportation equipments.

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