Ujaas Energy slumps after dismal Q3 results

Ujaas Energy tanked 11.92% to Rs 18.85 at 14:24 IST on BSE after net profit fell 81.8% to Rs 0.58 crore on 80% decline in net sales to Rs 7.03 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced after market hours on Monday, 19 January 2015.

Meanwhile, the S&P BSE Sensex was up 401.05 points or 1.42% at 28,663.06.

On BSE, so far 9.12 lakh shares were traded in the counter as against average daily volume of 3.98 lakh shares in the past one quarter.

The stock hit a high of Rs 19.65 and a low of Rs 18.40 so far during the day. The stock had hit a 52-week low of Rs 10.85 on 31 January 2014. The stock had hit a record high of Rs 42.10 on 17 June 2014.

The stock had outperformed the market over the past one month till 19 January 2015, advancing 25.51% compared with Sensex's 3.25% rise. The scrip had also outperformed the market in past one quarter, jumping 20.56% as against Sensex's 8.25% rise.

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

Ujaas Energy is engaged in design of various products and solutions for producing clean energy.

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