Pricol tanks after poor Q1 results

Pricol lost 8.88% to Rs 44.10 at 12:34 IST on BSE after net profit declined 86.09% to Rs 6.14 crore on 11.07% growth in total income from operations to Rs 231.16 crore in Q1 June 2014 over Q June 2013.

The Q1 result was announced after market hours on Wednesday, 6 August 2014.

Meanwhile, the S&P BSE Sensex was down 97.66 points or 0.38% at 25,567.61.

On BSE, so far 90,000 shares were traded in the counter as against average daily volume of 1.42 lakh shares in the past one quarter.

The stock hit a high of Rs 47.90 and a low of Rs 44.10 so far during the day. The stock had hit a 52-week low of Rs 14.50 on 22 August 2013. The stock had hit a 52-week high of Rs 50.60 on 5 August 2014.

The stock had outperformed the market over the past one month till 6 August 2014, advancing 3.75% compared with the Sensex's 1.14% fall. The scrip had also outperformed the market in past one quarter, jumping 53.41% as against Sensex's 14.03% rise.

The small-cap company has equity capital of Rs 9.45 crore. Face value per share is Re 1.

Pricol is engaged in the business of manufacturing dashboard instruments & accessories, oil pumps and idle speed control valve assembly, etc.

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