V-Guard declines after muted Q4 numbers

V-Guard Industries was down 3.75% to Rs 196.40 at 9:50 IST on BSE after net profit fell 0.3% to Rs 41.86 crore on 21.4% growth in net sales to Rs 623.26 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours on Friday, 19 May 2017.

Meanwhile, the S&P BSE Sensex was up 164.25 points or 0.54% at 30,629.17. The S&P BSE Mid-Cap index was up 1.84 points or 0.01% at 14,645.84.

On the BSE, 88,000 shares were traded on the counter so far as against the average daily volumes of 95,372 shares in the past one quarter. The stock had hit a high of Rs 203.80 and a low of Rs 192 so far during the day.

The stock had hit a record high of Rs 220.75 on 16 May 2017 and a 52-week low of Rs 84.34 on 19 May 2016. It had outperformed the market over the past one month till 19 May 2017, advancing 13.02% compared with the Sensex's 3.85% rise. The scrip had also outperformed the market over the past one quarter, gaining 34.37% as against the Sensex's 7.01% rise.

The mid-cap company has equity capital of Rs 42.47 crore. Face value per share is Rs 1.

V-Guard Industries makes consumer electrical and electronics products. The company's product range includes voltage stabilizer, digital UPS, inverter and inverter batteries, electric water heaters, solar water heaters, domestic pumps, agricultural pumps, industrial motors, domestic switch gears, distribution boards, wiring cables, industrial cables, induction cooktops, mixer grinders and fans.

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