S Chand & Company drops after poor Q1 result

S Chand and Company lost 3.31% to Rs 475.25 at 11:19 IST on BSE after the company reported net loss of Rs 7.90 crore in Q1 June 2017, as compared with net loss of Rs 10.87 crore in Q1 June 2016.

The result was announced after market hours yesterday, 21 August 2017.

Meanwhile, the BSE Sensex was up 74.45 points, or 0.24%, to 31,333.30. The BSE Small-Cap index was down 45.63 points, or 0.29%, to 15,422.24.

On the BSE, 4,369 shares were traded in the counter so far, compared with an average volume of 44,743 shares in the past one quarter. The stock had hit a high of Rs 490 and a low of Rs 474.90 so far during the day. The stock had hit a record high of Rs 707 on 9 May 2017. The stock had hit a record low of Rs 425 on 11 August 2017.

The stock had underperformed the market over the past one month till 21 August 2017, falling 8.62% compared with 2.4% decline in the Sensex. The scrip had also underperformed the market in past one quarter, declining 14.46% as against Sensex's 2.61% rise.

The small-cap company has an equity capital of Rs 17.42 crore. Face value per share is Rs 5.

S Chand and Company's net sales rose 86.11% to Rs 29.35 crore in Q1 June 2017 over Q1 June 2016.

S Chand and Company is a leading Indian education content company. The company delivers content, solutions and services across the education lifecycle through its K-12, higher education and early learning segments.

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