V-Guard Industries lost 4.09% to Rs 476.55 at 11:15 IST on BSE, with the stock sliding on profit booking after 2-day 13.5% rally triggered by the company reporting surge in sales turnover in the year ended 31 March 2013.
Meanwhile, the S&P BSE Sensex was up 36.20 points or 0.2% at 18,262.68.
On BSE, 20,000 shares were traded in the counter as against average daily volume of 9,023 shares in the past one quarter.
The stock hit a high of Rs 503.55 and a low of Rs 473 so far during the day. The stock had hit a 52-week low of Rs 180 on 28 April 2012. The stock had hit a record high of Rs 590.50 on 19 December 2012.
The stock had outperformed the market over the past one month till 9 April 2013, surging 5.22% compared with the Sensex's 7.4% fall. The scrip had also outperformed the market in past one quarter, declining 3.07% as against Sensex's 7.32% fall.
The small-cap company has equity capital of Rs 29.85 crore. Face value per share is Rs 10.
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Shares of V-Guard Industries had rallied 13.5% in two trading sessions to settle at Rs 496.85 on Tuesday, 9 April 2013, from a recent low of Rs 437.75 on 5 April 2013, after the company during trading hours on 8 April 2013, said its net turnover surged more than 40% to Rs 1350 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). V-Guard Industries said that sales from new markets outside south India also showed tremendous increase in FY 2013 over FY 2012. The upward trend in sales of all products contributed to the increased turnover in FY 2013, the company said.
V-Guard Industries' net profit rose 23.3% to Rs 15.35 crore on 42.7% growth in net sales to Rs 348.11 crore in Q3 December 2012 over Q3 December 2011.
V-Guard Industries is one of the leading producers of voltage stabilizers in South India. The company's other range of products include Pumps & Motors, Electric Water Heaters, Solar Water Heaters, Cables, UPS, and Ceiling Fans
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