TRF slumps after reverse turnaround in Q1

TRF fell 5.16% to Rs 235.15 at 12:27 IST on BSE after the company reported consolidated net loss of Rs 9.15 crore in Q1 June 2017, compared with net profit of Rs 8.59 crore in Q1 June 2016.

The result was announced during market hour today, 27 July 2016.

Meanwhile, the S&P BSE Sensex was up 268.48 points, or 0.83% at 32,650.94. The S&P BSE Small-Cap index was up 13.82 points or 0.09% at 16,112.56.

On the BSE, 37,000 shares were traded on the counter so far as against the average daily volumes of 22,198 shares in the past one quarter. The stock had hit a high of Rs 249.90 and a low of Rs 232.45 so far during the day. The stock had hit a 52-week high of Rs 332 on 26 July 2016 and a 52-week low of Rs 181 on 9 November 2016.

The stock had outperformed the market over the past one month till 26 July 2017, advancing 6.26% compared with the Sensex's 4% rise. The scrip had, however, underperformed the market over the past one quarter sliding 4.96% as against the Sensex's 7.46% rise. The scrip had also underperformed the market over the past one year declining 23.03% as against the Sensex's 15.75% rise.

The small-cap company has equity capital of Rs 11 crore. Face value per share is Rs 10.

TRF's consolidated total income from operations rose 0.59% to Rs 255.42 crore in Q1 June 2017 over Q1 June 2016.

TRF is engaged in the production of material handling equipment. The Company segments include Products & Services, and Projects & Services.

Powered by Capital Market - Live News