Videocon Industries declines on profit booking

Meanwhile, the BSE Sensex was down 153.17 points, or 0.81%, to 18,648.47.

On BSE, 20,000 shares were traded in the counter as against an average daily volume of 1.24 lakh shares in the past one quarter.

The stock hit a high of Rs 217.50 and a low of Rs 213.35 so far during the day. The stock had hit a 52-week high of Rs 246.25 on 3 December 2012. The stock had hit a 52-week low of Rs 161.10 on 27 July 2012.

The stock had outperformed the market over the past one month till 3 April 2013, rising 13.20% compared with the Sensex's 0.62% fall. The scrip had, however, underperformed the market in past one quarter, falling 7.13% as against Sensex's 4.87% fall.

The mid-cap company has an equity capital of Rs 318.77 crore. Face value per share is Rs 10.

Net profit of Videocon Industries slumped 98.80% to Rs 1.04 crore on 1.77% rise in net sales to Rs 3059.48 crore in Q4 December 2012 over Q4 December 2011.

Videocon is a well known brand in the consumer electronics and home appliances category offering a full range of products in televisions, washing machines, air-conditioners, refrigerators, audio products, home theatre systems and microwave ovens. The company also has an oil and gas business in the exploration and extraction areas.

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