Sintex Plastics Technology lost 10.85% at Rs 32.85 at 10:11 IST on BSE after the company announced weak result for Q1 June 2018 after market hours yesterday, 16 July 2018.
Meanwhile, the S&P BSE Sensex was up 40.68 points, or 0.11% at 36,364.45.
On the BSE, 2.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.22 lakh shares in the past two weeks. The stock had hit a high of Rs 36.05 and a low of Rs 32.65 so far during the day.
The small-cap company has equity capital of Rs 61.45 crore. Face value per share is Re 1.
On a consolidated basis, Sintex Plastics Technology reported 46.81% drop in net profit to Rs 37.53 crore on 12.18% fall in net sales to Rs 1325.21 crore in Q1 June 2018 over Q1 June 2017.
Amit Patel, MD, Sintex Plastics Technology said that growth continued across all divisions for the quarter under review. Strong traction continued in Europe and US business. The company is seeing good order bookings building up in India on account of BS VI emissions in the Indian Automotive space.
Sintex Plastics Technology is into custom moulding, retail & others and prefab and infra division.
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