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Goodyear India declines after poor Q1 numbers

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Capital Market
Last Updated : Aug 10 2017 | 11:28 AM IST

Goodyear India lost 2.44% to Rs 820 at 11:11 IST on BSE after net profit fell 31.1% to Rs 28.45 crore on 12.7% increase in net sales to Rs 468.24 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 9 August 2017.

Meanwhile, the S&P BSE Sensex was down 75.38 points, or 0.24% at 31,722.46. The S&P BSE Small-Cap index was down 149.98 points, or 0.96% at 15,484.52.

On the BSE, 8,252 shares were traded on the counter so far as against the average daily volumes of 19,818 shares in the past one quarter. The stock had hit a high of Rs 839 and a low of Rs 810 so far during the day. The stock had hit a record high of Rs 944.75 on 25 April 2017 and a 52-week low of Rs 525.50 on 12 August 2016.

The stock had underperformed the market over the past one month till 9 Aug 2017, declining 7.82% compared with the Sensex's 1.39% rise. The scrip had also underperformed the market over the past one quarter declining 1% as against the Sensex's 6.23% rise. The scrip had, however, outperformed the market over the past one year advancing 55.37% as against the Sensex's 13.22% rise.

The small-cap company has equity capital of Rs 23.07 crore. Face value per share is Rs 10.

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Goodyear India is engaged in the manufacturing and trading of tires, tubes and flaps. The company supplies tires to a range of original equipment manufacturers.

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First Published: Aug 10 2017 | 11:10 AM IST

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