Esab India fell 1.82% to Rs 696.95 at 12:30 IST on BSE after net profit declined 27.8% to Rs 5.10 crore on 0.4% growth in net sales to Rs 109.77 crore in Q4 December 2014 over Q4 December 2013.
The Q4 result was announced after market hours yesterday, 29 January 2015.
Meanwhile, the S&P BSE Sensex was down 361.56 points or 1.22% at 29,320.21.
On BSE, so far 857 shares were traded in the counter as against average daily volume of 1,134 shares in the past one quarter.
The stock hit a high of Rs 706.50 and a low of Rs 678 so far during the day. The stock had hit a 52-week low of Rs 415 on 7 February 2014. The stock had hit a record high of Rs 757.90 on 28 October 2014.
The stock had outperformed the market over the past one month till 29 January 2015, surging 10.71% compared with Sensex's 8.34% rise. The scrip had, however, underperformed the market in past one quarter, advancing 2.94% as against Sensex's 9.53% rise.
The small-cap company has equity capital of Rs 15.39 crore. Face value per share is Rs 10.
Esab India's net profit declined 24.5% to Rs 25.02 crore on 2.5% growth in net sales to Rs 440.30 crore in the year ended 31 December 2014 over the year ended 31 December 2013.
Esab India is one of the leading suppliers of welding and cutting products in India. The company's products are used in industries like shipbuilding, petrochemical, construction, transport, offshore, energy and repair and maintenance.
Powered by Capital Market - Live News
