Munjal Auto Inds tanks after poor Q1 results

Munjal Auto Industries slumped 12.98% to Rs 85.85 at 13:00 IST on BSE after net profit fell 59.8% to Rs 4.55 crore on 6.4% decline in net sales to Rs 215.70 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced on Saturday, 8 August 2015.

Meanwhile, the S&P BSE Sensex was up 128.83 points or 0.46% at 28,365.22.

On BSE, so far 1.16 lakh shares were traded in the counter as against average daily volume of 26,860 shares in the past one quarter.

The stock hit a high of Rs 93.50 and a low of Rs 82.20 so far during the day. The stock had hit a 52-week low of Rs 68 on 25 March 2015. The stock had hit a record high of Rs 133.50 on 10 November 2014.

The stock had outperformed the market over the past one month till 7 August 2015, surging 22.78% compared with Sensex's 0.23% rise. The scrip had also outperformed the market in past one quarter, jumping 33.67% as against Sensex's 6.16% rise.

The small-cap company has equity capital of Rs 10 crore. Face value per share is Rs 2.

Munjal Auto Industries is a leading auto component manufacturing company in India.

Powered by Capital Market - Live News