Hot Pursuit     31-Jul-17
Elgi Equipments drops after poor Q1 results
Elgi Equipments lost 4.08% to Rs 238.50 at 9:49 IST on BSE after consolidated net profit fell 39.6% to Rs 13.60 crore on 4.5% increase in net sales to Rs 354.83 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours on Friday, 28 July 2017.

Meanwhile, the S&P BSE Sensex was up 86.19 points, or 0.27% at 32,396.07. The S&P BSE Mid-Cap index was up 26.82 points, or 0.17% at 15,356.38.

On the BSE, 6,939 shares were traded on the counter so far as against the average daily volumes of 5,604 shares in the past one quarter. The stock had hit a high of Rs 248.50 and a low of Rs 236.75 so far during the day. The stock had hit a record high of Rs 257.45 on 28 July 2017 and a 52-week low of Rs 159 on 4 August 2016.

The stock had outperformed the market over the past one month till 28 July 2017, advancing 5.36% compared with the Sensex's 4.79% rise. The scrip had also outperformed the market over the past one quarter advancing 22.52% as against the Sensex's 7.99% rise. The scrip had also outperformed the market over the past one year advancing 40.32% as against the Sensex's 14.54% rise.

The mid-cap company has equity capital of Rs 15.85 crore. Face value per share is Rs 1.

Elgi Equipments manufactures air compressors and automobile service station equipment.

Previous News
  Elgi Equipments fixes record date for final dividend
 ( Market Beat - Reports 19-May-23   19:56 )
  Elgi Equipments consolidated net profit rises 132.82% in the March 2023 quarter
 ( Results - Announcements 20-May-23   07:30 )
  Elgi Equipments announces board meeting date
 ( Corporate News - 01-Aug-23   11:10 )
  Elgi Equipment spurts on bargain hunting
 ( Hot Pursuit - 23-Feb-22   12:35 )
  Elgi Equipments revises record date for bonus issue
 ( Market Beat - Reports 22-Sep-20   10:29 )
  Elgi Equipments to convene board meeting
 ( Corporate News - 30-Oct-21   10:33 )
  Elgi Equipments updates on proposed divestment of stake held in JV G3 Industrial Solutions LLC, USA
 ( Corporate News - 07-Jun-24   14:49 )
  Board of Elgi Equipments approves sale of asset of US based subsidiary
 ( Corporate News - 18-Jun-21   20:55 )
  Elgi Equipments schedules AGM
 ( Corporate News - 30-Jun-20   15:16 )
  Elgi Equipments spurts after recording Q4 PAT of Rs 170 cr
 ( Hot Pursuit - 22-May-23   10:44 )
  Elgi Equipments update on joint venture in US
 ( Corporate News - 11-May-20   09:19 )
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