TVS Electronics advances after turnaround in Q1

TVS Electronics rose 3.74% to Rs 179 at 12:15 IST on BSE after the company reported net profit of Rs 2.40 crore in Q1 June 2017, compared with net loss of Rs 2.07 crore in Q1 June 2016.

The result was announced after market hours on Friday, 11 August 2017.

Meanwhile, the S&P BSE Sensex was up 240.14 points, or 0.77% at 31,453.73. The S&P BSE Small-Cap index was up 309.94 points, or 2.06% at 15,346.27.

On the BSE, 36,000 shares were traded on the counter so far as against the average daily volumes of 29,331 shares in the past one quarter. The stock had hit a high of Rs 190 and a low of Rs 178.10 so far during the day. The stock had hit a 52-week high of Rs 231.90 on 13 December 2016 and a 52-week low of Rs 87.65 on 29 August 2016.

The stock had underperformed the market over the past one month till 11 Aug 2017, declining 10.92% compared with the Sensex's 1.68% fall. The scrip had also underperformed the market over the past one quarter declining 10.22% as against the Sensex's 3.18% rise. The scrip had, however, outperformed the market over the past one year advancing 84.84% as against the Sensex's 12.04% rise.

The small-cap company has equity capital of Rs 18.61 crore. Face value per share is Rs 10.

TVS Electronics' net sales surged 725.3% to Rs 883.29 crore in Q1 June 2017 over Q1 June 2016.

TVS Electronics is engaged in manufacturing of computer printers, trading of computer printers, keyboards and telecommunication parts, distribution of mobile phones, and offering services.

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