Store One Retail India tumbles after weak Q2 numbers

Store One Retail India slumped 9.67% to Rs 42.95 at 10:55 IST on BSE after net profit declined 68.1% to Rs 3.07 crore on 0.4% growth in net sales to Rs 30.51 crore in Q2 September 2014 over Q2 September 2013.

The Q2 result was announced after market hours yesterday, 27 October 2014.

Meanwhile, S&P BSE Sensex was up 56.71 points or 0.21% at 26,809.61.

On BSE, so far 38,000 shares were traded in the counter as against average daily volume of 19,086 shares in the past one quarter.

The stock hit a high of Rs 45 and a low of Rs 42 so far during the day. The stock had hit a 52-week low of Rs 22.15 on 18 March 2014. The stock had hit a 52-week high of Rs 73.70 on 12 August 2014.

The scrip had underperformed the market over the past one month till 27 October 2014, declining 9.69% as compared with Sensex's 0.48% rise. The stock had also underperformed the market in the past one quarter, sliding 22.81% as compared to the Sensex's 2.4% rise.

The small-cap company has equity capital of Rs 27.60 crore. Face value per share is Rs 10.

Store One Retail India is a chain of multi brand stores.

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