Mawana Sugars lost 6.46% to Rs 89.80 at 12:05 IST on BSE after the company reported net loss of Rs 11.13 crore in Q2 September 2017, higher than net loss of Rs 9.48 crore in Q2 September 2016.
Meanwhile, the S&P BSE Sensex was down 130.20 points or 0.39% at 33,325.59. The S&P BSE Small-Cap index was up 2.31 points or 0.01% at 18,254.08.
On the BSE, 52,000 shares were traded on the counter so far as against the average daily volumes of 74,317 shares in the past one quarter. The stock had hit a high of Rs 94.70 and a low of Rs 86.85 so far during the day. The stock had hit a 52-week high of Rs 144.90 on 11 November 2017. The stock had hit a 52-week low of Rs 40.55 on 22 December 2016.
The stock had underperformed the market over the past one month till 11 December 2017, sliding 13.08% compared with the Sensex's 0.42% rise. The scrip also underperformed the market over the past one quarter, declining 30.38% as against the Sensex's 4.94% rise. The scrip, however, outperformed the market over the past one year, surging 115.49% as against the Sensex's 25.08% rise.
The small-cap company has equity capital of Rs 39.12 crore. Face value per share is Rs 10.
Mawana Sugars' net sales dropped 9.49% to Rs 174.73 crore in Q2 September 2017 over Q2 September 2016. The result was announced after market hours yesterday, 11 November 2017.
Mawana Sugars in engaged in the manufacturing of some of the finest sugars in the country.
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