Arshiya recovers on bargain hunting

Arshiya rose 1.52% to Rs 67 at 11:08 IST on BSE, with the stock recovering on bargain hunting after a recent slide.

Meanwhile, the S&P BSE Sensex was up 51.40 points or 0.16% at 31,713.37. The S&P BSE Small-Cap index rose 119.28 points or 0.73% at 16,374.45.

On the BSE, 4,426 shares were traded on the counter so far as against the average daily volumes of 37,181 shares in the past one quarter. The stock had hit a high of Rs 69.20 and a low of Rs 67 so far during the day. The stock had hit a 52-week high of Rs 83.40 on 17 April 2017 and a 52-week low of Rs 23.30 on 21 November 2016.

 

The stock had underperformed the market over the past one month till 6 September 2017, declining 2.08% compared with the Sensex's 2.05% fall. The stock had, however, outperformed the market over the past one quarter, gaining 5.85% as against the Sensex's 1.51% rise. The scrip had also outperformed the market over the past one year, advancing 124.49% as against the Sensex's 9.26% rise.

The small-cap company has equity capital of Rs 31.24 crore. Face value per share is Rs 2.

Shares of Arshiya had fallen 8.14% in the preceding five trading sessions to settle at Rs 66 yesterday, 6 September 2017, from its close of Rs 71.85 on 30 August 2017.

On a consolidated basis, Arshiya reported net loss of Rs 94.78 crore in Q1 June 2017, compared with net loss of Rs 97.84 crore in Q1 June 2016. Net sales rose 13.6% to Rs 73.66 crore in Q1 June 2017 over Q1 June 2016.

Arshiya is engaged in warehousing and support activities.

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