Ador Welding tanked 5.62% to Rs 410 at 12:52 IST on BSE after net profit fell 10.6% to Rs 3.70 crore on 1.1% rise in net sales to Rs 103.74 crore in Q3 December 2017 over Q3 December 2016.
The result was announced after market hours yesterday, 5 February 2018.Meanwhile, the S&P BSE Sensex was down 733.52 points, or 2.11% to 34,023.64. The S&P BSE Small-Cap index was down 488.93 points, or 2.75% to 17,292.86, underperforming the Sensex.
On the BSE, 3,151 shares were traded in the counter so far as against average daily volume of 9,973 shares in the past one quarter. The stock had hit a high of Rs 415.95 and a low of Rs 400 so far during the day. The stock had hit a record high of Rs 658.85 on 5 October 2017. The stock had hit a 52-week low of Rs 280 on 28 February 2017.
The stock lost 22.02% over the past one month till 5 February 2018, underperforming the Sensex's 1.77% rise. The scrip had also underperformed the market in past one quarter, dropping 29.48% as against Sensex's 3.18% rise. The scrip had, however, outperformed the market in past one year, gaining 42.89% as against Sensex's 23.08% rise.
The company has an equity capital of Rs 13.60 crore. Face value per share is Rs 10.
The stock has dropped 25.16% in ten sessions to its ruling price from a close of Rs 547.90 on 22 January 2018.
Ador Welding is into the manufacture of welding consumables, and its project engineering division offers customized solution and products that meet stringent industrial codes and standards apart from welding equipment.
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