Repro India slides on dismal Q2 results

Repro India slumped 5.03% to Rs 819.55 at 10:15 IST on BSE after the company reported 85.4% slide in consolidated net profit to Rs 2.54 crore on 7.4% drop in net sales to Rs 68.04 crore in Q2 September 2017 over Q2 September 2016.

The announcement was made after market hours yesterday, 11 December 2017. The stock had hit 20% upper circuit to Rs 862.95 ahead of the results yesterday, 11 December 2017.

Meanwhile, the S&P BSE Sensex was down 125.17 points or 0.37% at 33,330.62. The S&P BSE Small-Cap index was unchanged at 18,251.39, outperforming the Sensex.

More than usual volumes were witnessed on the counter. On the BSE, 7,315 shares were traded on the counter so far as against the average daily volumes of 3,185 shares in the past one quarter. The stock had hit a high of Rs 853.30 and a low of Rs 805 so far during the day. The stock had hit a record high of Rs 862.95 on 11 December 2017 and a 52-week low of Rs 381.30 on 17 March 2017.

The stock had outperformed the market over the past one month till 11 December 2017, advancing 12.1% compared with the Sensex's 0.42% rise. The scrip had also outperformed the market over the past one quarter gaining 16.61% as against the Sensex's 4.94% rise. The scrip had also outperformed the market over the past one year jumping 108.42% as against the Sensex's 25.08% rise.

The small-cap company has equity capital of Rs 11.50 crore. Face value per share is Rs 10.

Repro India is a Mumbai-based value added print solutions provider.

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