Tecpro Systems tumbled 7.06% to Rs 29.60 at 11:16 IST on BSE after the company reported net loss of Rs 60.06 crore in Q1 June 2013, as against net profit of Rs 7.04 crore in Q1 June 2012.
The Q1 result was announced after market hours on Wednesday, 14 August 2013. The stock market was closed on Thursday, 15 August 2013 on account of Independence Day.
Meanwhile, the S&P BSE Sensex was down 476.59 points or 2.46% at 18,891.
On BSE, 7,225 shares were traded in the counter as against average daily volume of 6,603 shares in the past one quarter.
The stock hit a high of Rs 30.75 and a low of Rs 29 so far during the day. The stock had hit a record low of Rs 26 on 7 August 2013. The stock had hit a 52-week high of Rs 174.20 on 4 October 2012.
The stock had underperformed the market over the past one month till 14 August 2013, sliding 33.09% compared with the Sensex's 2.96% fall. The scrip had also underperformed the market in past one quarter, declining 59.99% as against Sensex's 1.8% fall.
The small-cap company has equity capital of Rs 50.47 crore. Face value per share is Rs 10.
Tecpro Systems 'net sales declined 45% to Rs 306.57 crore in Q1 June 2013 over Q1 June 2012.
Tecpro Systems is an EPC (engineering, procurement and construction) company. The company designs, engineers, manufactures, sells, commissions and services a range of material handling and ash handling systems and equipment for the core infrastructure related sectors like power, steel, cement and other industries.
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