Orient Bell tanks after poor Q1 numbers

Orient Bell slumped 6.65% to Rs 152.90 at 11:50 IST on BSE after net profit fell 86.7% to Rs 0.02 crore on 12.5% decline in net sales to Rs 137.33 crore in Q1 June 2015 over Q1 June 2014.

The Q1 result was announced after market hours yesterday, 13 August 2015.

Meanwhile, the S&P BSE Sensex was up 362.79 points or 1.32% at 27,912.32.

On BSE, so far 6,214 shares were traded in the counter as against average daily volume of 8,830 shares in the past one quarter.

The stock hit a high of Rs 162 and a low of Rs 148 so far during the day. The stock had hit a 52-week low of Rs 71 on 18 August 2014. The stock had hit a record high of Rs 211 on 30 July 2015.

The stock had outperformed the market over the past one month till 13 August 2015, surging 11.81% compared with Sensex's 1.47% fall. The scrip had also outperformed the market in past one quarter, jumping 18.18% as against Sensex's 1.1% rise.

The small-cap company hasequity capital of Rs 13.82 crore. Face value per share is Rs 10.

Orient Bell is engaged in manufacture of ceramic and vitrified tiles.

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