Maxwell Industries drops after reverse turnaround in Q2

Maxwell Industries lost 4.39% to Rs 50.15 at 14:21 IST on BSE after the company reported net loss of Rs 6.27 crore in Q2 September 2015 compared with net profit of Rs 1.13 crore in Q2 September 2014.

The result was announced after market hours yesterday, 9 November 2015.

Meanwhile, the BSE Sensex was down 196.95 points, or 0.75% to 25,924.45

On BSE, so far 2.90 lakh shares were traded in the counter as against an average daily volume of 1.68 lakh shares in the past one quarter.

The stock hit a high of Rs 51.35 and a low of Rs 48.80 so far during the day. The stock had hit a 52-week low of Rs 27.40 on 17 December 2014. The stock had hit a record high of Rs 88.75 on 8 April 2015.

The stock had underperformed the market over the past one month till 9 November 2015, falling 4.64% compared with 3.54% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 29.69% as against Sensex's 7.49% decline.

The small-cap company has an equity capital of Rs 12.62 crore. Face value per share is Rs 2.

Maxwell Industries' total income fell 26.3% to Rs 49.79 crore in Q2 September 2015 over Q2 September 2014.

Maxwell Industries is engaged in manufacturing and marketing of innerwear. The company's brands include VIP Innerwear, Frenchie, Frenchie X, and VIP Feelings and all of their sub brands.

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