Ujaas Energy declines after weak Q4 results

Ujaas Energy slipped 7.22% to Rs 33.40 at 10:39 IST on BSE after net profit fell 21.88% to Rs 10.82 crore on 3.03% decrease in total income from operations to Rs 161.92 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 29 May 2017.

Meanwhile, the S&P BSE Sensex was down 6.70 points, or 0.02% at 31,102.58. The S&P BSE Small-Cap index was down 44.21 points, 0.3% at 14,810.92.

On the BSE, 1.43 lakh shares were traded on the counter so far as against the average daily volumes of 2.40 lakh shares in the past one quarter. The stock had hit a high of Rs 35.80 and a low of Rs 31.35 so far during the day.

The stock had hit a record high of Rs 52.25 on 16 December 2016 and hit a 52-week low of Rs 19.40 on 29 September 2016. The stock had underperformed the market over the past one month till 29 May 2017, declining 0.14% compared with the Sensex's 3.98% rise. The scrip had also underperformed the market over the past one quarter sliding 0.14% as against the Sensex's 8.23% rise.

The small-cap company has equity capital of Rs 20 crore. Face value per share is Rs 1.

Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system.

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