V-Guard drops after weak Q2 numbers

V-Guard Industries lost 4.22% to Rs 503 at 10:30 IST on BSE after net profit declined 19.4% to Rs 14.48 crore on 6.2% growth in net sales to Rs 331.17 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Tuesday, 22 October 2013.

Meanwhile, the S&P BSE Sensex was down 74.64 points or 0.36% at 20,790.33.

On BSE, 1,583 shares were traded in the counter as against average daily volume of 7,092 shares in the past one quarter.

The stock hit a high of Rs 515 and a low of Rs 502.30 so far during the day. The stock had hit a 52-week low of Rs 391.40 on 26 October 2012. The stock had hit a record high of Rs 590.50 on 19 December 2012.

The stock had outperformed the market over the past one month till 22 October 2013, surging 6.34% compared with the Sensex's 2.97% rise. The scrip had, however, underperformed the market in past one quarter, declining 1.23% as against Sensex's 3.5% rise.

The small-cap company has equity capital of Rs 29.85 crore. Face value per share is Rs 10.

V-Guard Industries is one of the leading producers of voltage stabilizers in South India. The company's other range of products include pumps & motors, electric water heaters, solar water heaters, cables, UPS, and ceiling fans.

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