Omax Autos gains as net loss narrows in Q3

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Capital Market
Last Updated : Jan 22 2016 | 2:02 PM IST

Omax Autos rose 3.51% to Rs 69.35 at 12:43 IST on BSE after the company reported net loss of Rs 0.67 crore in Q3 December 2015, lower than net loss of Rs 4.65 crore in Q3 December 2014.

The result was announced after market hours yesterday, 21 January 2016.

Meanwhile, the S&P BSE Sensex was up 454.59 points or 1.9% at 24,416.80.

On BSE, so far 20,000 shares were traded in the counter as against average daily volume of 54,445 shares in the past one quarter. The stock hit a high of Rs 72.90 and a low of Rs 66.40 so far during the day. The stock had hit a 52-week high of Rs 94 on 1 January 2016. The scrip had hit a 52-week low of Rs 35.60 on 28 April 2015. The stock had underperformed the market over the past one month till 21 January 2016, sliding 21.22% compared with Sensex's 6.89% fall. The scrip had, however, outperformed the market in past one quarter, surging 30.48% as against Sensex's 12.19% fall.

The small-cap company has equity capital of Rs 21.39 crore. Face value per share is Rs 10.

Omax Autos' net sales rose 0.1% to Rs 250.26 crore in Q3 December 2015 over Q3 December 2014.

Omax Autos is one of the leading manufacturers of auto and non-auto components in India. The company specializes in sheet metal components, tubular components and machined components.

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First Published: Jan 22 2016 | 12:41 PM IST

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