Shalimar Paints lost 4.52% to Rs 57 at 9:56 IST on BSE after net profit fell 41.85% to Rs 1.82 crore on 10.81% decline in total income from operations to Rs 109.20 crore in Q1 June 2013 over Q1 June 2012.
The Q1 result was announced after market hours on Tuesday, 6 August 2013.
Meanwhile, the S&P BSE Sensex was down 137.84 points or 0.74% at 18,595.20.
On BSE, 1,868 shares were traded in the counter as against average daily volume of 15,671 shares in the past one quarter.
The stock was volatile. The stock rose as much as 1.34% at the day's high of Rs 60.50 so far during the day. The stock lost as much as 6.03% at the day's low of Rs 56.10 so far during the day. The stock had hit a 52-week low of Rs 55 on 5 August 2013. The stock had hit a 52-week high of Rs 153.70 on 22 November 2012.
The stock had underperformed the market over the past one month till 6 August 2013, sliding 37.55% compared with the Sensex's 3.91% fall. The scrip had also underperformed the market in past one quarter, declining 49.51% as against Sensex's 4.78% fall.
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The small-cap paints maker has equity capital of Rs 3.79 crore. Face value per share is Rs 2.
Shalimar Paints has three manufacturing units and more than 54 branches and depots all across the country. The company has a wide product range in Decorative/Architectural and Industrial segments. The Architectural Coatings cover both Interior and Exterior segments. The company also has tinting systems under the brand name "Color Space" where the company offers more than 9000 shades across all product lines to its customers.
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