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Ingersoll-Rand (India) tumbles after weak Q4 results

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Capital Market
Last Updated : May 14 2015 | 12:01 AM IST

Ingersoll-Rand (India) fell 4.35% to Rs 901.60 at 14:00 IST on BSE after net profit declined 17.7% to Rs 17.62 crore on 12.3% growth in net sales to Rs 146.37 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 12 May 2015.

Meanwhile, the S&P BSE Sensex was up 301.13 points or 1.12% at 27,178.61.

On BSE, so far 9,111 shares were traded in the counter as against average daily volume of 12,652 shares in the past one quarter.

The stock hit a high of Rs 916 and a low of Rs 887.25 so far during the day. The stock had hit a 52-week low of Rs 424.90 on 16 May 2014. The stock had hit a record high of Rs 1,125 on 15 April 2015.

The stock had underperformed the market over the past one month till 12 May 2015, sliding 12.45% compared with Sensex's 6.93% fall. The scrip had, however, outperformed the market in past one quarter, surging 5.13% as against Sensex's 6.69% fall.

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The small-cap company has equity capital of Rs 31.57 crore. Face value per share is Rs 10.

Ingersoll-Rand (India) delivers industrial products and solutions to markets such as automotive, process, pharmaceutical, food security, healthcare, mining, defence and other related industries.

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First Published: May 13 2015 | 1:50 PM IST

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