Sundaram Clayton drops after weak Q4 earning

Sundaram Clayton lost 3.17% to Rs 4,160 at 09:55 IST on BSE after net profit dropped 56.07% to Rs 38.36 crore on 10.34% decline in total income to Rs 389.16 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 3 May 2017.

Meanwhile, the S&P BSE Sensex was up 162.63 points or 0.54% at 30,057.43. The S&P BSE Small-Cap index was up 73.40 points or 0.5% at 14,883.61.

On BSE, so far 41 shares were traded in the counter as against average daily volume of 262 shares in the past one quarter. The stock hit a high of Rs 4,189.55 and a low of Rs 4,125.75 so far during the day. The stock had hit a record high of Rs 4,850 on 26 April 2017. The stock had hit a 52-week low of Rs 1,925 on 5 May 2016.

The mid-cap company has equity capital of Rs 10.12 crore. Face value per share is Rs 5.

Sundaram Clayton is one of the largest auto components manufacturing and distribution group in India. The company is a leading supplier of aluminium die castings to automotive and non-automotive sector.

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