HMT fell 1.27% to Rs 35.05 at 12:24 IST on BSE after the company reported net loss of Rs 31.14 crore in Q2 September 2016, higher than net loss of Rs 24.25 crore in Q2 September 2015.
Net sales declined 54.78% to Rs 6.81 crore in Q2 September 2016 over Q2 September 2015. The announcement was made after market hours yesterday, 17 November 2016.Meanwhile, the BSE Sensex was up 9.09 points, or 0.03%, to 26,236.71
On BSE, so far 8,240 shares were traded in the counter, compared with an average volume of 11,241 shares in the past one quarter. The stock hit a high of Rs 37 and a low of Rs 34.70 so far during the day. The stock hit a 52-week high of Rs 60.05 on 6 January 2016. The stock hit a 52-week low of Rs 34.15 yesterday, 17 November 2016. The stock had underperformed the market over the past 30 days till 17 November 2016, falling 10.13% compared with 6.28% decline in the Sensex. The scrip also underperformed the market in past one quarter, declining 9.78% as against Sensex's 6.59% fall.
The small-cap company has an equity capital of Rs 1204.09 crore. Face value per share is Rs 10.
Incorporated in 1953, by the Government of India as a Machine Tool manufacturing company, it later diversified into watches, tractors, printing machinery, metal forming presses, die casting & plastic processing machinery, CNC systems & bearings. Today, HMT comprises five subsidiaries under the ambit of a Holding Company, which also manages the Tractors Business directly.
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