S Chand declines after weak Q2 outcome

S Chand & Company fell 1.99% to Rs 463.35 at 12:25 IST on BSE after the company reported net loss of Rs 10.19 crore in Q2 September 2017, as compared with net loss of Rs 11.42 crore in Q2 September 2016.

The announcement was made after market hours on Friday, 17 November 2017.

Meanwhile, the S&P BSE Sensex was down 7.01 points, or 0.02% to 33,335.79. The S&P BSE Sensex was up 112.20 points, or 0.64% to 17,717.33.

On the BSE, 2,020 shares were traded in the counter so far, compared with average daily volumes of 20,954 shares in the past one quarter. The stock had hit a high of Rs 477 and a low of Rs 450 so far during the day. The stock hit a record high of Rs 707 on 9 May 2017. The stock hit a record low of Rs 425 on 11 August 2017.

The stock had underperformed the market over the past one month till 17 November 2017, rising 1.92% compared with 2.94% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 5.72% as against Sensex's 5.77% rise.

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

S Chand & Company 's net sales dropped 38.18% to Rs 17.36 crore in Q2 September 2017 over Q2 September 2016.

S Chand & 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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