KSB Pumps declines after recent rally

KSB Pumps lost 1.68% to Rs 747 at 14:16 IST on BSE, with the stock sliding on profit taking after recent rally.

Meanwhile, the S&P BSE Sensex was up 225.63 points or 0.71% at 32,107.79. The S&P BSE Small-Cap index rose 153.56 points or 0.93% at 16,605.26.

On the BSE, 382 shares were traded on the counter so far as against the average daily volumes of 7,767 shares in the past one quarter. The stock had hit a high of Rs 759.95 and a low of Rs 745.30 so far during the day. The stock had hit a record high of Rs 839.50 on 5 July 2017 and a 52-week low of Rs 549.90 on 26 October 2016.

The stock had outperformed the market over the past one month till 11 September 2017, advancing 11.74% compared with the Sensex's 2.14% rise. The stock had also outperformed the market over the past one quarter, gaining 8.21% as against the Sensex's 1.98% rise. The scrip had also outperformed the market over the past one year, advancing 20.44% as against the Sensex's 10.71% rise.

The small-cap company has equity capital of Rs 34.81 crore. Face value per share is Rs 10.

Shares of KSB Pumps had surged 10.51% in the preceding five trading sessions to settle at Rs 759.75 yesterday, 11 September 2017, from its close of Rs 687.45 on 4 September 2017.

KSB Pumps' net profit fell 10.9% to Rs 15.35 crore on 3.6% growth in net sales to Rs 210.24 crore in Q2 June 2017 over Q2 June 2016.

KSB Pumps manufactures pumps and valves. The company supplies its products to customers from industry and building services, OEMs, the energy industry, mining and the public sector, power plants, process engineering etc.

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