Videocon Industries gains on bargain hunting

Meanwhile, the BSE Sensex was up 27.68 points, or 0.14%, to 19,770.20.

On BSE, 97,000 shares were traded in the counter as against an average daily volume of 1.28 lakh shares in the past one quarter.

The stock hit a high of Rs 233.50 and a low of Rs 225.75 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 underperformed the market over the past one month till 8 January 2013, falling 3.23% compared with the Sensex's 1.64% rise. The scrip had, however, outperformed the market in past one quarter, spurting 28.75% as against Sensex's 5.52% rise.

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 declined 86.96% to Rs 15.23 crore on 7.74% decline in net sales to Rs 3015.52 crore in Q3 September 2012 over Q3 September 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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