NRB Bearings drops after weak Q2 numbers

NRB Bearings lost 2.16% to Rs 34 at 12:40 IST on BSE after net profit declined 7.1% to Rs 10.55 crore on 3.7% growth in net sales to Rs 151.04 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Monday, 28 October 2013.

Meanwhile, the S&P BSE Sensex was up 177.58 points or 0.86% at 20,747.86.

On BSE, 1,160 shares were traded in the counter as against average daily volume of 3,460 shares in the past one quarter.

The stock hit a high of Rs 34.50 and a low of Rs 33.50 so far during the day. The stock had hit a 52-week high of Rs 41.75 on 6 May 2013. The stock had hit a 52-week low of Rs 26.50 on 5 August 2013.

The stock had outperformed the market over the past one month till 28 October 2013, surging 10.49% compared with the Sensex's 4.27% rise. The scrip had, however, underperformed the market in past one quarter, declining 0.71% as against Sensex's 4.16% rise.

The small-cap company has equity capital of Rs 19.38 crore. Face value per share is Rs 2.

NRB Bearings is a total solutions provider, offering customized solutions by developing bearings from concept to delivery.

Powered by Capital Market - Live News