Pokarna tanked 8.38% to Rs 206 at 11:49 IST on BSE after consolidated net profit fell 35.2% to Rs 12.06 crore on 9.3% decline in net sales to Rs 85.05 crore in Q2 September 2017 over Q2 September 2016.
The result was announced after market hours yesterday, 6 December 2017.Meanwhile, the S&P BSE Sensex was up 228.90 points or 0.7% at 32,826.08. The S&P BSE Small-Cap index advanced 0.96%, outperforming the Sensex.
On the BSE, 34,000 shares were traded on the counter so far as against average daily volumes of 4,753 shares in the past one quarter. The stock had hit a high of Rs 217 and a low of Rs 202 so far during the day. The stock had hit a record high of Rs 323 on 25 April 2017 and a 52-week low of Rs 171 on 28 September 2017.
The stock had outperformed the market over the past one month till 6 December 2017, advancing 2.55% compared with the Sensex's 3.36% fall. The stock had, however, underperformed the market over the past one quarter, sliding 11.87% as against the Sensex's 2.95% rise. The scrip had outperformed the market over the past one year, advancing 23.68% as against the Sensex's 23.51% rise.
The small-cap company has equity capital of Rs 6.20 crore. Face value per share is Rs 2.
Pokarna processes granite at its manufacturing facilities with raw material majorly sourced from its own quarries.
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