Mold-Tek Technologies slumps over 29% in two sessions

Mold-Tek Technologies fell 11.73% to Rs 47.40 at 13:35 IST on BSE, extending recent losses triggered by the company's weak Q4 results.

The result was announced after market hours on Tuesday, 17 May 2016. The Mold-Tek Technologies stock slumped 19.97% to Rs 53.70 on Wednesday, 18 May 2016. The stock has fallen 29.36% in two trading sessions from Rs 67.10 on 17 May 2016.

Meanwhile, the BSE Sensex was down 115.74 points, or 0.45%, to 25,588.87.

On BSE, so far 15.38 lakh shares were traded in the counter, compared with an average volume of 34,427 shares in the past one quarter. The stock hit a high of Rs 53.70 and a low of Rs 43 so far during the day. The stock hit a record high of Rs 123.35 on 1 February 2016. The stock hit a 52-week low of Rs 33.20 on 27 July 2015. The stock had underperformed the market over the past one month till 18 May 2016, falling 26.24% compared with 0.43% decline in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 45.06% as against Sensex's 8.69% rise.

The small-cap company has an equity capital of Rs 5.35 crore. Face value per share is Rs 2.

On a consolidated basis, net profit of Mold-Tek Technologies declined 42.53% to Rs 0.50 crore on 1.89% rise in net sales to Rs 11.34 crore in Q4 March 2016 over Q4 March 2015.

The company's consolidated net profit rose 10.33% to Rs 5.77 crore on 12.62% rise in net sales to Rs 52.92 crore in the year ended March 2016 over the year ended March 2015.

Mold-Tek Technologies is a leading engineering services provider in India, with core expertise in automotive, poles & towers and oil & gas domains.

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