Hot Pursuit     24-Feb-15
KSB Pumps extends Monday's slide
KSB Pumps fell 1.24% to Rs 694.75 at 14:43 IST on BSE, with the stock extending yesterday's slide triggered by the company reporting weak Q4 results.

Meanwhile, the S&P BSE Sensex was down 39.49 points or 0.14% at 28,935.62.

On BSE, so far 3,659 shares were traded in the counter as against average daily volume of 5,198 shares in the past one quarter.

The stock hit a high of Rs 720 and a low of Rs 679 so far during the day. The stock had hit a 52-week low of Rs 236 on 24 February 2014. The stock had hit a record high of Rs 825 on 16 February 2015.

The small-cap company has equity capital of Rs 34.81 crore. Face value per share is Rs 10.

Shares of KSB Pumps have declined 3.5% in two trading sessions from a recent high of Rs 720 on 20 February 2015, after the company after market hours on 20 February 2015, reported weak Q4 December 2014 results. The stock had fallen 2.29% to settle at Rs 703.50 yesterday, 23 February 2015.

KSB Pumps' net profit declined 7.6% to Rs 9.97 crore on 26.6% growth in net sales to Rs 227.19 crore in Q4 December 2014 over Q4 December 2013.

KSB Pumps' net profit rose 9.5% to Rs 65.42 crore on 9.4% growth in net sales to Rs 793.02 crore in the year ended 31 December 2014 (FY 2014) over the year ended 31 December 2013 (FY 2013).

On consolidated basis, KSB Pumps' net profit rose 2.5% to Rs 68.43 crore on 9.5% growth in net sales to Rs 794.99 crore in FY 2014 over FY 2013.

KSB Pumps manufactures pumps and valves. The company supplies its products to customers from industry and building services, OEMs, the energy industry, mining and the public sector, power plants, process engineering etc. KSB's products are also used in chemical, petrochemical and other industries to transport aggressive, corrosive, explosive, solids-laden and viscous liquids, industrial and municipal waste water and in the areas of heating and air conditioning.

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