Hinduja Foundries tumbled 5.99% to Rs 32.95 at 12:07 IST on BSE after the company reported net loss of Rs 24.69 crore in Q2 September 2016 compared with net loss of Rs 95.72 crore in Q2 September 2015.
The result was announced during market hours today, 9 November 2016.Meanwhile, the S&P BSE Sensex was down 864.98 points or 3.13% at 26,726.16.
On BSE, so far 4,735 shares were traded in the counter as against average daily volume of 15,177 shares in the past one quarter. The stock hit a high of Rs 35 and a low of Rs 30 so far during the day. The stock had hit a 52-week low of Rs 27.30 on 12 February 2016. The stock had hit a 52-week high of Rs 65 on 7 July 2016. The stock had outperformed the market over the past one month till 8 November 2016, sliding 1.41% compared with 1.67% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, declining 36.39% as against Sensex's 2.1% fall.
The small-cap company has equity capital of Rs 207.05 crore. Face value per share is Rs 10.
Hinduja Foundries' total income from operations declined 1.07% to Rs 155.57 crore in Q2 September 2016 over Q2 September 2015.
Hinduja Foundries is one of the India's leading foundry group with the capacity to produce cylinder block and head ranging from 25 kilograms (kgs) to 500 kgs. From castings for automobiles and tractors to industrial engines, construction equipment and power generation equipment, Hinduja Foundries meets the stringent requirement of diverse segments. It even caters to the exceptionally high standards of defence applications.
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