Ucal Fuel Systems slumps after weak Q1 results

Ucal Fuel Systems tanked 5.29% to Rs 206.65 at 11:49 IST on BSE after net profit fell 53.4% to Rs 3.79 crore on 9.1% decline in net sales to Rs 124.75 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 11 September 2017.

Meanwhile, the S&P BSE Sensex was up 190.70 points or 0.6% at 32,072.86. The S&P BSE Small-Cap index rose 147.51 points or 0.9% at 16,599.21.

On the BSE, 22,000 shares were traded on the counter so far as against the average daily volumes of 20,139 shares in the past one quarter. The stock had hit a high of Rs 208.90 and a low of Rs 200.35 so far during the day. The stock had hit a 52-week high of Rs 242.45 on 30 March 2017 and a 52-week low of Rs 147.30 on 22 November 2016.

The stock had outperformed the market over the past one month till 11 September 2017, advancing 17.91% compared with the Sensex's 2.14% rise. The stock had, however, underperformed the market over the past one quarter, sliding 0.77% as against the Sensex's 1.98% rise. The scrip had outperformed the market over the past one year, advancing 26.16% as against the Sensex's 10.71% rise.

The small-cap company has equity capital of Rs 22.11 crore. Face value per share is Rs 10.

Ucal Fuel Systems offers comprehensive fuel management systems for automotive sector.

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