Electrosteel Castings tumbled 3.2% to Rs 19.65 at 14:56 IST on BSE after net profit fell 34.47% to Rs 12.77 crore on 5.61% decline in total income from operations to Rs 535.15 crore in Q2 September 2014 over Q2 September 2013.
The Q2 result was announced during market hours today, 29 October 2014.
Meanwhile, the S&P BSE Sensex was up 170.67 points or 0.63% at 27,051.49.
On BSE, so far 2.85 lakh shares were traded in the counter as against average daily volume of 2.52 lakh shares in the past one quarter.
The stock hit a high of Rs 20.60 and a low of Rs 19.10 so far during the day. The stock had hit a 52-week low of Rs 12.72 on 18 February 2014. The stock had hit a 52-week high of Rs 36.90 on 11 June 2014.
The stock had underperformed the market over the past one month till 28 October 2014, sliding 3.56% compared with Sensex's 0.96% rise. The scrip had also underperformed the market in past one quarter, declining 30.72% as against Sensex's 3.42% rise.
The small-cap company has equity capital of Rs 35.70 crore. Face value per share is Rs 1.
Electrosteel Castings is a leading pipeline solution provider. The company has a strong brand presence around the globe.
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