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KSB Pumps declines after weak Q1 results

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Capital Market
Last Updated : Apr 27 2017 | 12:02 AM IST

KSB Pumps lost 1.7% to Rs 709.45 at 15:14 IST on BSE after net profit fell 20.83% to Rs 13.34 crore on 1.51% decline in total income to Rs 227.11 crore in Q1 March 2017 over Q1 March 2016.

The result was announced during market hours today, 26 April 2017.

Meanwhile, the S&P BSE Sensex was up 217.66 points or 0.73% at 30,160.90. The S&P BSE Small-Cap index was down 82.69 points or 0.54% at 15,297.20.

On the BSE, 8,343 shares were traded on the counter so far as against the average daily volumes of 2,588 shares in the past one quarter. The stock had hit a high of Rs 738 and a low of Rs 686.90 so far during the day.

The stock had hit a 52-week high of Rs 767.95 on 11 July 2016 and a 52-week low of Rs 549.90 on 26 October 2016. It had outperformed the market over the past one month till 25 April 2017, surging 14.88% compared with the Sensex's 1.77% rise. The scrip had also outperformed the market over the past one quarter, gaining 13.99% as against the Sensex's 8.07% rise.

The small-cap company has equity capital of Rs 34.81 crore. Face value per share is Rs 10.

KSB Pumps manufactures pumps and valves. The company supplies its products to customers from industry and building services, OEMs, the energy industry, mining and the public sector, power plants, process engineering etc.

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First Published: Apr 26 2017 | 3:16 PM IST

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