Indag Rubber slumps after announcing weak Q4 numbers

Indag Rubber lost 7.01% to Rs 179 at 12:39 IST on BSE after net profit fell 19.4% to Rs 7.64 crore on 15.5% decline in net sales to Rs 55.57 crore in Q4 March 2016 over Q4 March 2015.

The result was announced on Thursday, 14 April 2016. The stock market was closed on 14 April 2016 and 15 April 2016 on account of holidays.

Meanwhile, the S&P BSE Sensex was up 127.92 points or 0.5% at 25,754.67.

On BSE, so far 20,000 shares were traded in the counter as against average daily volume of 10,940 shares in the past one quarter. The stock hit a high of Rs 189 and a low of Rs 170 so far during the day. The stock had hit a 52-week low of Rs 145.60 on 12 February 2016. The stock had hit a record high of Rs 237 on 2 December 2015. The stock had outperformed the market over the past one month till 13 April 2016, surging 13.57% compared with Sensex's 3.68% rise. The scrip had, however, underperformed the market in past one quarter, gaining 2.12% as against Sensex's 3.11% rise.

The small-cap company has equity capital of Rs 5.25 crore. Face value per share is Rs 2.

Indag Rubber provides re-treading material to its customers ranging from pre-cure tread to curing envelopes.

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