Hot Pursuit     07-Feb-17
Lakshmi Machine Works slips after poor Q3 result
Lakshmi Machine Works fell 0.92% to Rs 3,844.95 at 13:16 IST on BSE after net profit declined 21.63% to Rs 51.26 crore on 18.49% decline in net sales to Rs 565.64 crore in Q3 December 2016 over Q3 December 2015.
The result was announced after market hours yesterday, 6 February 2017.

Meanwhile, the BSE Sensex was down 51.33 points, or 0.18%, to 28,387.95

On BSE, so far 310 shares were traded in the counter, compared with average daily volume of 1,548 shares in the past one quarter. The stock hit a high of Rs 3,874.40 and a low of Rs 3,824 so far during the day. The stock hit a record high of Rs 4,698.50 on 6 October 2016. The stock hit a 52-week low of Rs 3,050 on 26 February 2016.

The mid-cap company has equity capital of Rs 10.96 crore. Face value per share is Rs 10.

Lakshmi Machine Works manufacturers entire range of textile spinning machinery from blow room to ring spinning.

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