Precision Camshafts declines after uninspiring Q1 numbers

Precision Camshafts lost 2.18% to Rs 143.50 at 13:54 IST on BSE after net profit rose 8.4% to Rs 18.48 crore on 0.5% decline in net sales to Rs 115.11 crore in Q1 June 2016 over Q1 June 2015.

The result was announced after market hours yesterday, 7 September 2016.

Meanwhile, the S&P BSE Sensex was up 66.05 points or 0.23% at 28,992.41.

On BSE, so far 3,799 shares were traded in the counter as against average daily volume of 13,618 shares in the past one quarter. The stock hit a high of Rs 146.45 and a low of Rs 143.10 so far during the day. The stock had hit a record high of Rs 184.70 on 8 February 2016. The stock had hit a record low of Rs 126.15 on 8 July 2016. The stock had underperformed the market over the past one month till 7 September 2016, sliding 1.01% compared with 3.02% rise in the Sensex. The scrip had also underperformed the market in past one quarter, advancing 6.46% as against Sensex's 7.1% rise.

The small-cap company has equity capital of Rs 94.74 crore. Face value per share is Rs 10.

Precision Camshafts, promoted by first generation entrepreneurs Yatin Shah and Suhasini Shah, is one of the world's leading manufacturers of camshafts, a critical engine component in passenger vehicles.

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