Wendt (India) drops after weak Q1 earnings

Wendt (India) lost 5.73% to Rs 2,520 at 10:14 IST on BSE after consolidated net profit declined 35.41% to Rs 2.28 crore on 1.14% fall in total income to Rs 33.79 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 24 July 2017.

Meanwhile, the S&P BSE Sensex was up 12.61 points or 0.04% at 32,258.48. The S&P BSE Small-Cap index was up 1.57 points, or 0.01% to 16,037.33.

On the BSE, 488 shares were traded on the counter so far as against the average daily volumes of 621 shares in the past one quarter. The stock had hit a high of Rs 2,604 and a low of Rs 2,451 so far during the day. The stock had hit a 52-week high of Rs 2,809.85 on 20 July 2017 and a 52-week low of Rs 1,666 on 26 December 2016.

 

The small-cap company has equity capital of Rs 2 crore. Face value per share is Rs 10.

Wendt (India) is a manufacturer of super abrasives, grinding, honing and special purpose machines and components.

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