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Mangalam Cement declines after weak Q1 numbers

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lost 2.25% to Rs 366.80 at 12:11 on after net profit fell 46.4% to Rs 12.11 crore on 12.8% increase in net sales to Rs 254.03 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 8 August 2017.

Meanwhile, the S&P Sensex was down 138.61 points, or 0.43% at 31,875.58. The S&P Small-Cap index was down 100.90 points, 0.63% at 15,803.14.

High volumes were witnessed on the counter. On the BSE, 2,734 shares were traded on the counter so far as against the average daily volumes of 8,414 shares in the past one quarter. The stock had hit a high of Rs 380 and a low of Rs 366.80 so far during the day. The stock had hit a record high of Rs 407 on 20 July 2017 and a 52-week low of Rs 226.60 on 22 November 2016.

The stock had outperformed the market over the past one month till 8 Aug 2017, advancing 3.23% compared with the Sensex's 2.08% rise. The scrip had, however, underperformed the market over the past one quarter advancing 2.35% as against the Sensex's 6.98% rise. The scrip had, however, outperformed the market over the past one year advancing 17.71% as against the Sensex's 13.6% rise.

The small-cap company has equity capital of Rs 26.69 crore. Face value per share is Rs 10.

is a cement manufacturing company.

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

First Published: Wed, August 09 2017. 12:13 IST