Apar Industries plunged 6.52% to Rs 333.25 at 11:15 IST on BSE after the company reported 82.4% fall in net profit to Rs 2.57 crore on 20.26% rise in total income from operations (net) to Rs 1298.79 crore in Q3 December 2014 over Q3 December 2013.
The company announced Q3 results after market hours yesterday, 5 February 2015.
Meanwhile, the BSE Sensex was down 78.98 points, or 0.2%, to 28,791.86.
On BSE, so far 9,159 shares were traded in the counter, compared with an average volume of 17,154 shares in the past one quarter.
The stock hit a high of Rs 347 and a low of Rs 331.70 so far during the day. The stock hit a record high of Rs 468.15 on 19 November 2014. The stock hit a 52-week low of Rs 110.05 on 14 February 2014.
The stock had underperformed the market over the past one month till 5 February 2015, falling 12.17% compared with 3.62% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 14.97% as against Sensex's 3.35% rise.
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The mid-cap stock has equity capital of Rs 38.50 crore. Face value per share is Rs 10.
Apar Industries, founded by Late Mr. Dharmsinh D. Desai in the year 1958 is operating in the diverse fields of electrical and metallurgical engineering. Over the ensuing years it has evolved to be a diversified company offering value added products and services in power transmission conductors, petroleum specialities and power cables.
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