Metalyst Forgings lost 1.85% to Rs 58.50 at 10:55 IST on BSE after the company reported net loss of Rs 18.34 crore in Q4 September 2015 compared with net profit of Rs 44.34 crore in Q4 September 2014.
The result was announced on Saturday, 28 November 2015.
Meanwhile, the S&P BSE Sensex was up 13.71 points or 0.05% at 26,141.91.
On BSE, so far 34,000 shares were traded in the counter as against average daily volume of 97,319 shares in the past one quarter.
The stock hit a high of Rs 59.30 and a low of Rs 55.30 so far during the day. The stock had hit a 52-week low of Rs 34 on 11 September 2015. The stock had hit a 52-week high of Rs 426.05 on 28 November 2014.
The stock had underperformed the market over the past one month till 27 November 2015, sliding 4.64% compared with Sensex's 4.13% fall. The scrip had, however, outperformed the market in past one quarter, surging 4.65% as against Sensex's 0.39% fall.
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The small-cap company has equity capital of Rs 36.75 crore. Face value per share is Rs 10.
Metalyst Forgings' net sales declined 13.2% to Rs 531.09 crore in Q4 September 2015 over Q4 September 2014.
Metalyst Forgings reported net loss of Rs 53.88 crore in the year ended 30 September 2015 (FY 2015) compared with net profit of Rs 193.08 crore in the year ended 30 September 2014 (FY 2014). Net sales declined 1.1% to Rs 2270.56 crore in FY 2015 over FY 2014.
Metalyst Forgings is a castings and forgings company.
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