Apar Industries lost 3.03% to Rs 762.70 at 10:23 IST on BSE after consolidated net profit fell 8.9% to Rs 39.54 crore on 30.6% growth in net sales to Rs 1498.87 crore in Q3 December 2017 over Q3 December 2016.
The result was announced after market hours yesterday, 29 January 2018.Meanwhile, the S&P BSE Sensex was down 202.92 points or 0.56% at 36,080.33. The S&P BSE Mid-Cap index fell 0.63%, underperforming the Sensex.
On the BSE, 363 shares were traded on the counter so far as against average daily volumes of 5,767 shares in the past one quarter. The stock had hit a high of Rs 782.35 and a low of Rs 762.70 so far during the day. The stock had hit a record high of Rs 909 on 31 May 2017 and a 52-week low of Rs 617 on 1 February 2017.
The stock had underperformed the market over the past one month till 29 January 2018, sliding 2.97% compared with the Sensex's 6.54% rise. The stock had also underperformed the market over the past one quarter, advancing 3.26% as against the Sensex's 9.43% rise. The scrip had also underperformed the market over the past one year, surging 24.99% as against the Sensex's 30.13% rise.
The mid-cap company has equity capital of Rs 38.27 crore. Face value per share is Rs 10.
Apar Industries is engaged in the business of manufacture of conductors, transformer, specialty oils and power and telecom cables.
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