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Apar Industries declines after weak Q1 earnings

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Capital Market
Last Updated : Aug 09 2017 | 2:47 PM IST

Apar Industries fell 3.6% to Rs 743.45 at 14:22 IST on BSE after consolidated net profit fell 16.86% to Rs 38.96 crore on 17.9% increase in total income to Rs 1426.78 crore in Q1 June 2017 over Q1 June 2016.

The result was announced during market hours today, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 150.41 points, or 0.47% at 31,863.78. The S&P BSE Small-Cap index was down 199.04 points, 1.25% at 15,705.

On the BSE, 6,969 shares were traded on the counter so far as against the average daily volumes of 6,618 shares in the past one quarter. The stock had hit a high of Rs 768.15 and a low of Rs 743.45 so far during the day. The stock had hit a record high of Rs 909 on 31 May 2017 and a 52-week low of Rs 510 on 29 September 2016.

The stock had underperformed the market over the past one month till 8 Aug 2017, declining 3.43% compared with the Sensex's 2.08% rise. The scrip had also underperformed the market over the past one quarter declining 3.72% as against the Sensex's 6.98% rise. The scrip had, however, outperformed the market over the past one year advancing 39.67% as against the Sensex's 13.6% rise.

The small-cap company has equity capital of Rs 38.27 crore. Face value per share is Rs 10.

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Apar Industries is engaged in the business of manufacture of conductors, transformer, specialty oils and power and telecom cables.

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First Published: Aug 09 2017 | 2:27 PM IST

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