Poddar Pigments dropped 4.62% to Rs 329.65 at 14:20 IST on BSE after net profit fell 4.85% to Rs 4.94 crore on 4.18% decline in net revenue from operations to Rs 78.74 crore in Q2 September 2017 over Q2 September 2016.
The result was announced during market hours today, 16 November 2017.Meanwhile, the S&P BSE Sensex was up 298.04 points or 0.91% at 33,058.48. The S&P BSE Small-Cap index advanced 144 points or 0.83% at 17,417.40, underperforming the Sensex.
More than usual volumes were witnessed on the counter. On the BSE, 10,747 shares were traded on the counter so far as against the average daily volumes of 4,855 shares in the past one quarter. The stock had hit a high of Rs 348.90 and a low of Rs 327.20 so far during the day. The stock had hit a record high of Rs 358.85 on 13 November 2017 and a 52-week low of Rs 191 on 27 December 2016.
The stock had outperformed the market over the past one month till 15 November 2017, advancing 19.94% compared with the Sensex's 1.01% rise. The scrip had also outperformed the market over the past one quarter gaining 33.2% as against the Sensex's 4.17% rise. The scrip had also outperformed the market over the past one year advancing 59.26% as against the Sensex's 24.54% rise.
The small-cap company has equity capital of Rs 10.61 crore. Face value per share is Rs 10.
Poddar Pigments has the unique distinction of being the first company in India to manufacture Masterbatches for dope dyeing of polypropylene, nylon & polyester multifilament yarn/fibers.
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