Mukta Arts flops after weak Q1 outcome

Mukta Arts fell 3.73% to Rs 91.75 on BSE after the company reported consolidated net loss of Rs 4.98 crore in Q1 June 2017, higher than net loss of Rs 1.89 crore in Q1 June 2016.

The company announced the result after market hours yesterday, 30 August 2017.

Meanwhile, the S&P BSE Sensex was up 84.03 points, or 0.27%, to 31,730.49. The S&P Small-Cap index was up 133.99 points, or 0.84%, to 16,001.73. On BSE, 36,000 shares were traded in the counter, compared with average daily volume of 21,226 shares in the past one quarter. The stock hit a high of Rs 96.90 and a low of Rs 90.10 so far during the day. The stock hit a 52-week high of Rs 132.50 on 18 October 2016. The stock hit a 52-week low of Rs 72.15 on 2 September 2016.

The stock had underperformed the market over the past one month till 30 August 2017, falling 4.89% compared with 2.85% decline in the Sensex. The scrip, however, underperformed the market in past one quarter, rising 2.09% as against Sensex's 1.63% rise. The scrip, however, outperformed the market in past one year, surging 24.33% as against Sensex's 11.23% rise.

The small-cap company has equity capital of Rs 11.29 crore. Face value per share is Rs 5.

Mukta Arts' consolidated net sales surged 82.84% to Rs 29.20 crore in Q1 June 2017 over Q1 June 2016.

Mukta Arts is primarily engaged in the business of film production, distribution and exhibition.

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