Ponni Sugars (Erode) fell 5.01% to Rs 182 at 11:59 IST on BSE after net profit declined 58.68% to Rs 1.38 crore on 28.82% decline in net sales to Rs 41.29 crore in Q1 June 2017 over Q1 June 2016.
The result was announced after market hours yesterday, 2 August 2017.Meanwhile, the S&P BSE Sensex was down 141.68 points, or 0.44% to 32,335.06.
On the BSE, 255 shares were traded in the counter so far, compared with average daily volumes of 692 shares in the past one quarter. The stock had hit a high of Rs 189.10 and a low of Rs 181.20 so far during the day. The stock hit a 52-week high of Rs 288 on 3 August 2016. The stock hit a 52-week low of Rs 174.10 on 31 May 2017.
The stock had outperformed the market over the past one month till 2 August 2017, rising 5.97% compared with 4.06% rise in the Sensex. The scrip had underperformed the market in past one quarter, falling 5.01% as against Sensex's 7.80% rise. The scrip had also underperformed the market in past one year, falling 24.42% as against Sensex's 17.26% rise.
The small-cap company has equity capital of Rs 8.60 crore. Face value per share is Rs 10.
Ponni Sugars (Erode) is engaged in the manufacturing and selling of sugar.
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