Ingersoll-Rand (India) lost 2.31% to Rs 588.65 at 13:03 IST on BSE after net profit declined 5% to Rs 13.05 crore on 15.2% growth in net sales to Rs 144.89 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced after market hours on Wednesday, 23 July 2014.
Meanwhile, the S&P BSE Sensex was down 10.80 points or 0.04% at 26,136.53.
On BSE, so far 3,742 shares were traded in the counter as against average daily volume of 14,074 shares in the past one quarter.
The stock hit a high of Rs 600.20 and a low of Rs 584.10 so far during the day. The stock had hit a record high of Rs 710.30 on 4 June 2014. The stock had hit a 52-week low of Rs 301 on 3 September 2013.
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The stock had underperformed the market over the past one month till 23 July 2014, sliding 7.11% compared with the Sensex's 4.46% rise. The scrip had, however, outperformed the market in past one quarter, advancing 33.89% as against Sensex's 14.3% rise.
The small-cap company has equity capital of Rs 31.57 crore. Face value per share is Rs 10.
Ingersoll-Rand (India) manufactures industrial equipment. The company's products include air compressors, stationary generators, tools, material handling, pumps and electric vehicles.
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