Apar Industries lost 6.54% to Rs 120 at 9:50 IST on BSE, with the stock extending Thursday's 4.82% fall triggered by the company reporting poor Q3 earnings.
Meanwhile, the S&P BSE Sensex was up 97.37 points or 0.48% at 20,408.11.
On BSE, so far 6,726 shares were traded in the counter as against average daily volume of 8,232 shares in the past one quarter.
The stock hit a high of Rs 126.15 and a low of Rs 118.30 so far during the day. The stock had hit a 52-week low of Rs 83 on 6 August 2013. The stock had hit a 52-week high of Rs 166 on 13 January 2014.
The stock had underperformed the market over the past one month till 6 February 2014, declining 13.68% compared with the Sensex's 2.29% fall. The scrip had, however, outperformed the market in past one quarter, advancing 1.74% as against Sensex's 2.8% fall.
The small-cap company has equity capital of Rs 38.47 crore. Face value per share is Rs 10.
Shares of Apar Industries have slumped 11.04% in two trading sessions from a recent high of Rs 134.90 on 5 February 2014, after the company at the fag end of trading hours on Thursday, 6 February 2014 reported poor Q3 December 2013 earnings. The stock had fallen 4.82% to settle at Rs 128.40 on Thursday, 6 February 2014.
Apar Industries' net profit fell 55.7% to Rs 14.61 crore on 5.2% decline in net sales to Rs 1071.72 crore in Q3 December 2013 over Q3 December 2012.
Apar Industries operates in the diverse fields of electrical and metallurgical engineering.
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