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Commercial Engineers & Body Builders slumps after reporting net loss in Q2

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Capital Market

Commercial Engineers & Body Builders Company lost 4.6% at Rs 11 at 11:26 IST on BSE after the company reported net loss of Rs 15.08 crore in Q2 September 2013 as against net profit of Rs 16.29 crore in Q2 September 2012.

The Q2 result was announced after market hours on Friday, 25 October 2013.

Meanwhile, the S&P BSE Sensex was up 41.39 points or 0.2% at 20,724.91.

On BSE, 45,000 shares were traded in the counter as against average daily volume of 26,124 shares in the past one quarter.

The stock hit a high of Rs 11.16 and a low of Rs 10.96 so far during the day. The stock had hit a record low of Rs 7.64 on 4 September 2013. The stock had hit a 52-week high of Rs 109.60 on 3 December 2013.

 

The stock had outperformed the market over the past one month till 25 October 2013, surging 34.54% compared with the Sensex's 4.17% rise. The scrip had, however, underperformed the market in past one quarter, sliding 11.03% as against Sensex's 4.44% rise.

The small-cap company has equity capital of Rs 54.94 crore. Face value per share is Rs 10.

Commercial Engineers & Body Builders Company's net sales declined 87.2% to Rs 19.59 crore in Q2 September 2013 over Q2 September 2012.

Commercial Engineers & Body Builders Company manufactures vehicle bodies for commercial vehicles.

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First Published: Oct 28 2013 | 11:25 AM IST

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