Kesar Terminals sinks after subdued Q2 outcome

Kesar Terminals & Infrastructure lost 3.58% to Rs 196.55 at 13:58 IST on BSE after net profit declined 16.73% to Rs 4.13 crore on 7.15% decrease in net sales to Rs 10.52 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 23 November 2017.

Meanwhile, the S&P BSE Sensex was up 114.14 points or 0.34% at 33,702.22. The S&P BSE Small-Cap index was up 109.51 points, or 0.61%, to 18,053.37

On BSE, so far 6,053 shares were traded in the counter as against average daily volume of 5,437 shares in the past one quarter. The stock hit a high of Rs 200.15 and a low of Rs 192.90 so far during the day. The stock had hit a 52-week high of Rs 250 on 31 August 2017. The stock had hit a 52-week low of Rs 167.05 on 5 June 2017.

The stock had outperformed the market over the past one month till 23 October 2017, rising 3.45% compared with 1.83% rise in the Sensex. The scrip, however, underperformed the market in past one quarter, falling 8.87% as against Sensex's 0.86% rise. The scrip had also underperformed the market in past one year, declining 3.46% as against Sensex's 15.36% rise.

The small-cap company has equity capital of Rs 5.46 crore. Face value per share is Rs 5.

Kesar Terminals and Infrastructure is a bulk liquid storage and logistics company. The company handles different type of petroleum, petro chemical, hazardous and non-hazardous liquids.

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