TBZ slumps after weak Q2 results

Tribhovandas Bhimji Zaveri fell 10.01% to Rs 124 at 9:46 IST on BSE after the net profit fell 89.9% to Rs 0.80 crore on 26.8% decline in net sales to Rs 326.02 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 29 November 2017.

Meanwhile, the S&P BSE Sensex was down 172.30 points, or 0.51% to 33,430.46.

On the BSE, 1.62 lakh shares were traded in the counter so far, compared with average daily volumes of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 128 and a low of Rs 122.40 so far during the day. The stock hit a 52-week high of Rs 148.30 on 27 November 2017. The stock hit a 52-week low of Rs 56.10 on 26 December 2016.

 

Tribhovandas Bhimji Zaveri (TBZ) is engaged in manufacturing/trading and selling of jewelry.

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