SRS dropped 2.99% to Rs 5.20 at 14:30 IST on BSE after the company reported net loss of Rs 20.22 crore in Q2 September 2016 compared with net profit of Rs 14.24 crore in Q2 September 2015.
The result was announced after market hours yesterday, 14 December 2016.Meanwhile, the S&P BSE Sensex was up 19.96 points or 0.09% at 26,627.25.
Higher than normal volumes were witnessed on the counter. On the BSE, 4.64 lakh shares were traded in the counter so far as against average daily volume of 2.01 lakh shares in the past one quarter. The stock had hit a low of Rs 4.71 so far during the day, which is also a record low for the counter. The stock had hit a high of Rs 5.20 in intraday trade. The stock had hit a 52-week high of Rs 24.80 on 24 December 2015.
The stock had underperformed the market over the past one month till 14 December 2016, declining 9.46% compared with the Sensex's 0.81% fall. The scrip had also underperformed the market in past one quarter, falling 23.54% as against the Sensex's 6.24% fall.
The small-cap company has equity capital of Rs 278.58 crore. Face value per share is Rs 10.
SRS' net total income from operations tumbled 85.75% to Rs 155.77 crore in Q2 September 2016 over Q2 September 2015.
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A diversified enterprise, the SRS Group enjoys a rare, synergistic presence across sectors such as jewellery, cinemas, retail, hospitality as well as real estate, healthcare and financial services.
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