Foseco India was down 2.94% to Rs 1,378.95 at 12:40 IST on BSE after net profit fell 14.2% to Rs 7.20 crore on 11.5% growth in net sales to Rs 87.69 crore in Q1 March 2017 over Q1 March 2016.
The result was announced after market hours yesterday, 26 April 2017.Meanwhile, the S&P BSE Sensex was down 74.82 points or 0.25% at 30,058.53. The S&P BSE Small-Cap index was up 11.07 points or 0.07% at 15,293.73.
On the BSE, 797 shares were traded on the counter so far as against the average daily volumes of 518 shares in the past one quarter. The stock had hit a high of Rs 1,405 and a low of Rs 1,360 so far during the day.
The stock had hit a 52-week high of Rs 1,570 on 20 October 2016 and a 52-week low of Rs 1,233 on 22 December 2016. It had outperformed the market over the past one month till 26 April 2017, advancing 6.94% compared with the Sensex's 2.42% rise. The scrip had also outperformed the market over the past one quarter, gaining 10% as against the Sensex's 8.75% rise.
The small-cap company has equity capital of Rs 6.39 crore. Face value per share is Rs 10.
Foseco India offers the widest range of solutions for producing casting of the highest standards in terms of quality, surface finish, soundness, integrity and dimensional tolerance.
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