Gallantt Metal fell 2.16% to Rs 42.95 at 10:04 IST on BSE after net profit fell 53.4% to Rs 5.52 crore on 3.7% increase in net sales to Rs 179.28 crore in Q4 March 2017 over Q4 March 2016.
The result was announced after market hours yesterday, 4 May 2017.
Meanwhile, the S&P BSE Sensex was down 146.39 points, or 0.49% at 29,979.82. The S&P BSE Small-cap index was down 11.11 points, 0.07% at 15,474.64.
On the BSE, 4,599 shares were traded on the counter so far as against the average daily volumes of 23,615 shares in the past one quarter. The stock had hit a high of Rs 43.50 and a low of Rs 41.25 so far during the day.
The stock had hit a record high of Rs 55 on 8 September 2016 and a 52-week low of Rs 28.25 on 4 May 2016. The stock had underperformed the market over the past one month till 4 May 2017, declining 5.18% compared with the Sensex's 0.72% rise. The scrip had also underperformed the market over the past one quarter declining 2.98% as against the Sensex's 6.68% rise.
The small-cap company has equity capital of Rs 81.32 crore. Face value per share is Rs 10.
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Gallantt Metal is engaged in the production of iron, steel, and power. The company operates in two segments: Steel and Power.
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