Sandesh drops after reporting disappointing Q2 results

Sandesh dropped 4.06% to Rs 923 at 11:50 IST on BSE after the company's net profit fell 11.44% to Rs 17.13 crore on 0.88% rise in total income from operations to Rs 90.87 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours yesterday, 13 December 2016.

Meanwhile, the BSE Sensex was down 13.35 points, or 0.05%, to 26,684.47.

More than usual volumes were witnessed on the counter. On the BSE, 2,578 shares were traded in the counter so far, compared with an average volume of 1,292 shares in the past one quarter. The stock had hit a high of Rs 950 and a low of Rs 899 so far during the day. The stock had hit a 52-week low of Rs 655 on 29 February 2016. The stock had hit a record high of Rs 1,080 on 19 August 2015.

The stock had outperformed the market over the past 30 days till 13 December 2016, rising 7.06% compared with 0.45% decline in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.83% as against Sensex's 5.84% decline.

The small-cap company has an equity capital of Rs 7.57 crore. Face value per share is Rs 10.

Sandesh is engaged in the editing, printing and publishing newspapers and periodicals.

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