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Omax Autos slides after reporting net loss in Q3

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Capital Market

Omax Autos lost 4.13% to Rs 36 at 12:27 IST on BSE after the company reported a net loss of Rs 3.76 crore in Q3 December 2013 as against net profit of Rs 3.30 crore in Q3 December 2012.

The Q3 result was announced on Saturday, 25 January 2014.

Meanwhile, the S&P BSE Sensex was down 344.24 points or 1.63% at 20,789.32.

On BSE, so far 3,032 shares were traded in the counter as against average daily volume of 8,098 shares in the past one quarter.

The stock hit a high of Rs 37 and a low of Rs 35.70 so far during the day. The scrip had hit a 52-week low of Rs 26 on 29 July 2013. The stock had hit a 52-week high of Rs 49.40 on 14 January 2013.

 

The stock had outperformed the market over the past one month till 24 January 2014, surging 16.98% compared with the Sensex's 0.48% rise. The scrip had also outperformed the market in past one quarter, jumping 9.64% as against Sensex's 1.97% rise.

The small-cap company has equity capital of Rs 21.39 crore. Face value per share is Rs 10.

Omax Autos' net sales declined 7.7% to Rs 239.42 crore in Q3 December 2013 over Q3 December 2012.

Omax Autos is engaged in manufacturing of automobile components. Within the auto components business, Omax is mainly involved in body, frames and chassis business.

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First Published: Jan 27 2014 | 12:34 PM IST

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