Texmaco Infra declines after weak Q1 earnings

Texmaco Infrastructure & Holdings fell 1.52% to Rs 55.20 at 13:43 IST on BSE after net profit fell 1.6% to Rs 2.49 crore on 3.6% increase in net sales to Rs 3.43 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 24 July 2017.

Meanwhile, the S&P BSE Sensex was down 23.82 points, or 0.07% at 32,222.05. The S&P BSE Small-Cap index was up 7.98 poinst, or 0.05% at 16,043.74.

On the BSE, 32,000 shares were traded on the counter so far as against the average daily volumes of 56,621 shares in the past one quarter. The stock had hit a high of Rs 56.50 and a low of Rs 53 so far during the day. The stock had hit a 52-week high of Rs 58 on 24 July 2017 and a 52-week low of Rs 34.55 on 10 August 2016.

The stock had outperformed the market over the past one month till 24 July 2017, advancing 30.81% compared with the Sensex's 3.56% rise. The scrip had also outperformed the market over the past one quarter gaining 30.65% as against the Sensex's 8.73% rise. The scrip had also outperformed the market over the past one year advancing 59.91% as against the Sensex's 15.98% rise.

The small-cap company has equity capital of Rs 12.74 crore. Face value per share is Rs 1.

Texmaco Infrastructure & Holdings is engaged in real estate business and generation of hydroelectric power. The company operates in three segments: real estate, hydro power and others.

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