Titagarh Wagons dropped 4.03% to Rs 140.50 at 9:20 IST on BSE after the company reported consolidated net loss of Rs 8.1 crore in Q2 September 2017 compared with net profit of Rs 8.13 crore in Q2 September 2016.
The announcement was made after market hours yesterday, 9 November 2017.Titagarh Wagons' total income fell 10.58% to Rs 373.29 crore in Q2 September 2017 over Q2 September 2016. Post introduction of GST from 1 July 2017, revenue from operations of the current quarter is not comparable with the previous periods.
Meanwhile, the S&P BSE Sensex was down 111.24 points, or 0.33%, to 33,139.69. The S&P BSE Small-Cap index was down 75.19 points, or 0.43%, to 17,556.18, outperforming the Sensex.
On the BSE, 80,911 shares were traded in the counter so far, compared with average daily volumes of 2.32 lakh shares in the past one quarter. The stock had hit a high of Rs 141.10 and a low of Rs 136.75 so far during the day. The stock had hit a 52-week high of Rs 153.50 on 8 November 2017. The stock had hit a 52-week low of Rs 94.50 on 9 November 2016.
The stock had outperformed the market over the past one month till 9 November 2017, gaining 18.78% compared with the Sensex's 4.41% rise. The stock had had also outperformed the market over the past one quarter, rising 27.86% as against the Sensex's 4.57% rise. The scrip had also outperformed the market over the past one year, jumping 29.5% as against the Sensex's 22.01% rise.
The small-cap company has equity capital of Rs 23.09 crore. Face value per share is Rs 2.
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Titagarh Wagons designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, tank wagon under the French brand Arbel Fauvet Rail. Titagarh also manufacturers cast steel bogies and couplers for freight application.
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