Poly Medicure drops after weak Q4 results

Poly Medicure fell 3.69% to Rs 249 at 12:28 IST on BSE after net profit fell 7.9% to Rs 13.27 crore on 10.4% increase in net sales to Rs 116.05 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 10 May 2017.

Meanwhile, the S&P BSE Sensex was up 87.26 points, or 0.29% at 30,335.43. The S&P BSE Small-cap index was up 73.10 points, 0.47% at 15,734.75.

On the BSE, 6,280 shares were traded on the counter so far as against the average daily volumes of 59,196 shares in the past one quarter. The stock had hit a high of Rs 255 and a low of Rs 247.25 so far during the day.

 

The stock had hit a record high of Rs 319.90 on 7 April 2017 and a 52-week low of Rs 139.55 on 10 May 2016. The stock had underperformed the market over the past one month till 10 May 2017, declining 10.97% compared with the Sensex's 2.27% rise. The scrip had also underperformed the market over the past one quarter sliding 0.5% as against the Sensex's 6.75% rise.

The small-cap company has equity capital of Rs 44.11 crore. Face value per share is Rs 5.

Poly Medicure operates within the surgical and medical instruments sector.

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