Hind Rectifiers lost 9.8% to Rs 31.75 at 14:56 IST on BSE after the company reported a net loss of Rs 1.86 crore in Q3 December 2013 as against net profit of Rs 2.53 crore in Q3 December 2012.
The Q3 result was announced after market hours on Tuesday, 11 February 2014.
Meanwhile, the S&P BSE Sensex was up 94.42 points or 0.46% at 20,457.79.
On BSE, so far 45,000 shares were traded in the counter as against average daily volume of 5,108 shares in the past one quarter.
The stock hit a low of Rs 31.60 so far during the day, which is a 52-week low for the counter. The stock hit a high of Rs 34.60 so far during the day. The stock had hit a 52-week high of Rs 70 on 22 February 2013.
The stock had underperformed the market over the past one month till 11 February 2014, sliding 13.09% compared with the Sensex's 1.9% fall. The scrip had also underperformed the market in past one quarter, declining 10.09% as against Sensex's 0.62% fall.
The small-cap company has equity capital of Rs 3.01 crore. Face value per share is Rs 2.
Hind Rectifiers' net sales dropped 32.4% to Rs 22.03 crore in Q3 December 2013 over Q3 December 2012.
Hind Rectifiers is engaged in developing, designing, manufacturing and marketing semiconductor, electronic equipments and railway transportation equipments.
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