Gandhi Special Tubes lost 1.39% to Rs 227 at 14:03 IST on BSE after net profit fell 7.5% to Rs 3.20 crore on 8% decline in net sales to Rs 20.21 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours yesterday, 20 January 2016.Meanwhile, the S&P BSE Sensex was unchanged at 24,062.89.
On BSE, so far 5,297 shares were traded in the counter as against average daily volume of 1,588 shares in the past one quarter. The stock hit a high of Rs 239 and a low of Rs 224 so far during the day. The stock had hit a 52-week low of Rs 217 on 5 June 2015. The stock had hit a record high of Rs 311 on 21 January 2015. The stock had outperformed the market over the past one month till 20 January 2016, rising 0.88% compared with Sensex's 5.71% fall. The scrip had, however, underperformed the market in past one quarter, declining 15.37% as against Sensex's 11.88% fall.
The small-cap company has equity capital of Rs 7.35 crore. Face value per share is Rs 5.
Gandhi Special Tubes is engaged in manufacturing and marketing seamless and welded steel tubes.
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