Hot Pursuit     31-Jan-17
Walchandnagar Industries drops after reverse turnaround in Q3
Walchandnagar Industries lost 3.66% to Rs 153.95 at 12:15 IST on BSE after the company reported net loss of Rs 16.83 crore in Q3 December 2016, compared with net profit of Rs 3.95 crore in Q3 December 2015.
The result was announced before market hours today, 31 January 2017.

Meanwhile, the S&P BSE Sensex was down 150.40 points, or 0.54%, to 27,699.16.

On the BSE, 32,000 shares were traded on the counter so far as against the average daily volumes of 40,697 shares in the past one quarter. The stock had hit a high of Rs 158.05 and a low of Rs 153.50 so far during the day.

The stock had hit a 52-week high of Rs 177 on 18 October 2016 and a 52-week low of Rs 115.80 on 12 February 2016. The stock had outperformed the market over the past one month till 30 January 2017, advancing 10.55% compared with the Sensex's 4.59% rise. The scrip had, however, underperformed the market over the past one quarter declining 1.42% as against the Sensex's 0.29% fall.

The small-cap company has equity capital of Rs 7.61 crore. Face value per share is Rs 2.

Walchandnagar Industries' net sales fell 22.3% to Rs 99.77 crore in Q3 December 2016 over Q3 December 2015.

Walchandnagar Industries is engaged in engineering, fabrication and manufacturing of machinery.

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