Mukand fell 5.02% to Rs 31.25 at 10:56 IST on BSE on profit booking after the stock surged 36.51% in the preceding six trading sessions to Rs 32.90 on 15 April 2014, from a recent low of Rs 24.10 on 3 April 2014.
Meanwhile, the BSE Sensex was up 15.36 points, or 0.07%, to 22,500.29.
On BSE, so far 26,000 shares were traded in the counter, compared with an average volume of 32,280 shares in the past one quarter.
The stock hit a high of Rs 33 and a low of Rs 30.65 so far during the day. The stock hit a 52-week high of Rs 34.45 on 15 April 2014. The stock hit a 52-week low of Rs 16 on 2 August 2013.
The stock had outperformed the market over the past one month till 15 April 2014, rising 55.92% compared with the Sensex's 3.10% rise. The scrip had also outperformed the market in past one quarter, rising 40.30% as against Sensex's 5.62% rise.
The small-cap company has an equity capital of Rs 146.23 crore. Face value per share is Rs 10.
Mukand reported net loss of Rs 13.31 crore in Q3 December 2013, lower than net loss of Rs 19.28 crore in Q3 December 2012. Net sales rose 34.7% to Rs 615.83 crore in Q3 December 2013 over Q3 December 2012.
Mukand is engaged in manufacture of alloy and stainless steel long products.
Powered by Capital Market - Live News
