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Vaibhav Global tanks after dismal Q4 results

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Vaibhav Global tumbled 16.75% to Rs 643 at 14:14 IST on BSE after consolidated net profit fell 52.2% to Rs 17.58 crore on 0.2% decline in net sales to Rs 359.01 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 21 May 2015.

Meanwhile, the S&P BSE Sensex was up 150.68 points or 0.54% at 27,960.03.

On BSE, so far 31,000 shares were traded in the counter as against average daily volume of 2,577 shares in the past one quarter.

The stock hit a high of Rs 730 and a low of Rs 643 so far during the day. The stock had hit a 52-week low of Rs 479 on 20 November 2014. The stock had hit a record high of Rs 975 on 26 August 2014.

 

The stock had underperformed the market over the past one month till 21 May 2015, sliding 3.56% compared with Sensex's 0.48% rise. The scrip had also outperformed the market in past one quarter, declining 3.37% as against Sensex's 4.86% fall.

The small-cap company has equity capital of Rs 32.40 crore. Face value per share is Rs 10.

Vaibhav Global is an electronic retailer of discount fashion jewelry and lifestyle accessories.

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First Published: May 22 2015 | 2:05 PM IST

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