Tecpro Systems was locked at 5% lower circuit at Rs 15.65 at 12:54 IST on BSE after the company reported a net loss of Rs 173.36 crore in Q2 September 2014, higher than net loss of Rs 147.08 crore in Q2 September 2013.
The Q2 result was announced on Saturday, 22 November 2014.
Meanwhile, the S&P BSE Sensex was up 128.14 points or 0.45% at 28,462.77.
On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 24,792 shares in the past one quarter.
The stock hit a high of Rs 16.25 so far during the day. The stock had hit a record low of Rs 10.25 on 28 March 2014. The stock had hit a 52-week high of Rs 34.40 on 12 June 2014.
The stock had outperformed the market over the past one month till 21 November 2014, surging 52.5% compared with the Sensex's 6.62% rise. The stock had, however, underperformed the market in past one quarter, sliding 4.52% as against Sensex's 7.49% rise.
The small-cap company has equity capital of Rs 50.47 crore. Face value per share is Rs 10.
Tecpro Systems' net sales declined 70.4% to Rs 68.02 crore in Q2 September 2014 over Q2 September 2013.
Tecpro Systems is an EPC company, engaged in providing turnkey solution. turnkey solutions in Bulk Material Handling Systems for cement, power, steel sectors etc, Ash Handling Systems for thermal power plants, Balance of Thermal Power Plant, Captive Power Plants, Captive Power Plants on Waste Heat Recovery Boiler based technology and Pollution Control systems.
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