Orbit Exports fell 2.77% to Rs 165 at 12:03 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 156.06 points, or 0.5% at 31,106. The S&P BSE Small-Cap index was down 25.91 points, or 0.17% at 15,523.26.
High volumes were witnessed on the counter. On the BSE, 14,000 shares were traded on the counter so far as against the average daily volumes of 5,258 shares in the past one quarter. The stock had hit a high of Rs 171.10 and a low of Rs 157.05 so far during the day. The stock had hit a 52-week high of Rs 183 on 9 June 2017 and a 52-week low of Rs 102.98 on 4 August 2016.
The stock had outperformed the market over the past one month till 9 June 2017, advancing 30.54% compared with the Sensex's 4.44% rise. The scrip had also outperformed the market over the past one quarter gaining 22.53% as against the Sensex's 8.06% rise. The scrip had also outperformed the market over the past one year advancing 52.88% as against the Sensex's 16.81% rise.
The small-cap company has equity capital of Rs 28.70 crore. Face value per share is Rs 10.
Orbit Exports had rallied 28.56% in the preceding two trading sessions to settle at Rs 169.70 on Friday, 9 June 2017, from its closing of Rs 132 on 7 June 2017.
Orbit Exports' net profit fell 25.9% to Rs 2.18 crore on 2% increase in net sales to Rs 33.59 crore in Q4 March 2017 over Q4 March 2016.
Orbit Exports operates through two segments: windmill power generation and manufacturing of textile.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
