Vaibhav Global slumps after poor Q3 results

Vaibhav Global tumbled 4.39% to Rs 402.50 at 10:10 IST on BSE after consolidated net profit fell 70.1% to Rs 11.61 crore on 10.24% decline in total income to Rs 356.18 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours on Monday, 25 January 2016. The stock market was shut on Tuesday, 26 January 2016 for Republic Day Holiday.

Meanwhile, the S&P BSE Sensex was up 39.78 points or 0.16% at 24,525.73.

On BSE, so far 3,833 shares were traded in the counter as against average daily volume of 6,859 shares in the past two weeks. The stock hit a high of Rs 415 and a low of Rs 380 so far during the day. The stock had hit a 52-week low of Rs 352.95 on 8 October 2015. The stock had hit a 52-week high of Rs 859 on 30 January 2015. The stock had underperformed the market over the past one month till 25 January 2016, sliding 17.71% compared with Sensex's 5.24% fall. The scrip had also underperformed the market in past one quarter, declining 14.06% as against Sensex's 10.87% fall.

The small-cap company has equity capital of Rs 32.51 crore. Face value per share is Rs 10.

Vaibhav Global is an electronic retailer of discount fashion jewelry and lifestyle accessories.

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