Hot Pursuit     10-Aug-10
Electrosteel Castings melts after dismal Q1 outcome
Electrosteel Castings slumped 6.19% to Rs 50.10 at 09:15 IST on BSE after net profit dropped 48.2% to Rs 30.08 crore on 3.5% fall in net sales to Rs 359.90 crore in Q1 June 2010 over Q1 June 2009.

The Q1 June 2010 result was announced after market hours on Monday, 9 August 2010.

Meanwhile, the BSE Sensex was down 41.03 points, or 0.22%, to 18,246.47

On BSE, 2.82 lakh shares were traded in the counter as against an average daily volume of 2.16 lakh shares in the past one quarter.

The stock hit a high of Rs 52.50 and a low of Rs 49.50 so far during the day. The stock had hit a 52-week high of Rs 56.15 on 12 April 2010 and a 52-week low of Rs 33.10 on 12 August 2009.

The mid-cap stock had outperformed the market over the past one month till 9 August 2010, surging 11.51% as compared to the Sensex's return of 2.55%. It had also outperformed the market in the past one quarter, advancing 12.80% as compared to the Sensex's return of 9.05%.

The company's current equity is Rs 32.68 crore. Face value per share is Re 1.

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