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D-Link tumbles after reverse turnaround in Q4

Capital Market 

D-Link (India) crashed 16.47% to Rs 119.95 at 9:56 on after the company reported net loss of Rs 1.33 crore in Q4 March 2017, compared with net profit of Rs 9.10 crore in Q3 December 2016.

The result was announced after market hours on Friday, 12 May 2017.

Meanwhile, the S&P Sensex was up 94.37 points or 0.31% at 30,282.52.

On the BSE, 1.16 lakh shares were traded on the counter so far as against the average daily volumes of 1 lakh shares in the past one quarter. The stock had hit a high of Rs 122.70 and a low of Rs 114.90 so far during the day.

The stock had hit a 52-week high of Rs 154 on 10 April 2017 and a 52-week low of Rs 75.25 on 21 September 2016. It had underperformed the market over the past one month till 12 May 2017, sliding 2.31% compared with the Sensex's 1.84% rise. The scrip had, however, outperformed the market over the past one quarter, advancing 18.68% as against the Sensex's 6.54% rise.

The small-cap company has equity capital of Rs 7.10 crore. Face value per share is Rs 2.

The company's net sales declined 17.3% to Rs 154.75 crore in Q4 March 2017 over Q3 December 2016.

D-Link (India) is engaged in the design, manufacture and marketing of advanced networking, broadband, digital, voice and data communications solutions.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 09:56 IST