Visaka Industries tumbles after reporting net loss in Q2

Visaka Industries tumbled 9.15% to Rs 78.40 at 9:49 IST on BSE after the company reported a net loss of Rs 1.56 crore in Q2 September 2013 compared with net profit of Rs 9.01 crore in Q2 September 2012.

The Q2 result was announced after market hours on Wednesday, 6 November 2013.

Meanwhile, the S&P BSE Sensex was down 17.70 points or 0.08% at 20,877.24.

On BSE, 5,754 shares were traded in the counter as against average daily volume of 3,124 shares in the past one quarter.

The stock hit a high of Rs 82 and a low of Rs 77.50 so far during the day. The stock had hit a 52-week low of Rs 66.20 on 7 August 2013. The stock had hit a 52-week high of Rs 142.70 on 28 December 2012.

The stock had outperformed the market over the past one month till 6 November 2013, surging 11.35% as compared to the Sensex's 4.92% rise. The scrip had also outperformed the market in the past one quarter, jumping 29.77% as compared to the Sensex's 11.54% rise.

The small-cap company has equity capital of Rs 15.88 crore. Face value per share is Rs 10.

Visaka Industries' total income from operations declined 7.96% to Rs 180.83 crore in Q2 September 2013 over Q2 September 2012.

Visaka Industries is engaged in manufacturing of corrugated cement fiber sheets.

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